Which of the following is not normally an objective of financial reporting?
A) To provide information about an entity's assets and claims against those assets
B) To provide information that is useful in assessing an entity's sources and uses of cash
C) To provide information that is useful in lending and investing decisions
D) To provide information about an entity's liquidation value

Question

Quizplus · Accepted Answer

Financial reporting objectives typically focus on providing information about an entity's financial position, performance, and cash flows to help users make informed decisions about lending or investing in the entity. While liquidation value may be relevant in certain circumstances, it is not usually a primary objective of financial reporting.

Which of the Following Is Not Normally an Objective of Financial