Which of the following is not an objective of financial reporting?
A) To reflect prospective cash receipts to investors and creditors.
B) To reflect prospective cash flows to an enterprise.
C) To reflect resources and claim to resources.
D) To reflect current stock prices and information concerning stock markets.

Question

Quizplus · Accepted Answer

The objective of financial reporting is not to reflect current stock prices and information concerning stock markets, but rather to provide information about an enterprise's financial performance, financial position, and cash flows that is useful in making economic decisions.

Which of the Following Is Not an Objective of Financial