The IASB and FASB joint boards feel that financial reporting should
A)be general purpose
B)be useful in assessing a company's future cash flows
C)provide information on an accrual basis
D)all of these are true

Question

Quizplus · Accepted Answer

The IASB and FASB joint boards believe that financial reporting should be general purpose, useful in assessing a company's future cash flows, and provide information on an accrual basis.

The IASB and FASB Joint Boards Feel That Financial Reporting