The Term 'Special Purpose Financial Statements' Refers to the Fact

question 38

Multiple Choice

The term 'special purpose financial statements' refers to the fact that the information in the reports is:

• A) available to everybody who requires specialised information.
• B) useful for special purposes but not in making specific decisions.
• C) prepared for users who have specialised needs and have the authority to obtain the required information.
• D) prepared to provide general information for use by all users.

---

Definitions:

Restrictive Covenants

Clauses in a contract that place limitations on the actions of parties involved, often used in real estate and employment agreements.