Solved

Match Each Objective with the Appropriate Statement by Placing the Appropriate

Question 87

Matching

Match each objective with the appropriate statement by placing the appropriate letter in the space provided

Premises:

Responses:

Provide information about a company's economic resources, obligations, and owners' equity.

general objective

Provide useful information for present and potential investors, creditors, and other external users in making their investment, credit, and similar decisions.

derived external user objective

Provide information about a company's financial performance during a period.

derived company objective

Provide information about a company's cash flows.

specific objectives

Provide information that is useful to external users in assessing the amounts, timing, and uncertainty of prospective cash receipts.

Provide information to help external users in assessing the amounts, timing, and uncertainty of a company's prospective net cash flows.

Premises:

Provide information about a company's economic resources, obligations, and owners' equity.

Provide useful information for present and potential investors, creditors, and other external users in making their investment, credit, and similar decisions.

Provide information about a company's financial performance during a period.

Provide information about a company's cash flows.

Provide information that is useful to external users in assessing the amounts, timing, and uncertainty of prospective cash receipts.

Provide information to help external users in assessing the amounts, timing, and uncertainty of a company's prospective net cash flows.

Responses:

general objective

derived external user objective

derived company objective

specific objectives

Correct Answer:

Premises:

Responses:

Provide information about a company's economic resources, obligations, and owners' equity.

Provide useful information for present and potential investors, creditors, and other external users in making their investment, credit, and similar decisions.

Provide information about a company's financial performance during a period.

Provide information about a company's cash flows.

Provide information that is useful to external users in assessing the amounts, timing, and uncertainty of prospective cash receipts.

Provide information to help external users in assessing the amounts, timing, and uncertainty of a company's prospective net cash flows.

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