The FASB's conceptual framework includes which of the following as financial reporting objectives?
A)Provide information useful for making rational investment and credit decisions.
B)Provide information to help current and potential investors and creditors assess the amount, timing, and uncertainty of future cash flows.
C)Provide information about the economic resources of a firm and the claims on those resources.
D)Provide information about a firm's operating performance during a period.
E)all of the above

Question

Quizplus · Accepted Answer

The FASB's conceptual framework includes all of the above listed financial reporting objectives. These objectives are considered the primary goals of financial reporting and are used to guide the development of accounting standards and practices.

The FASB's Conceptual Framework Includes Which of the Following as Financial