Which of the following is NOT an objective of financial reporting?
A)To provide information about an entity's economic resources, obligations and equity/net
Assets
B)To provide information that is useful to investors and creditors and other users in making
Resource allocation decisions and/or assessing management stewardship
C)To provide information that is useful in assessing the economic performance of the entity
D)To provide the most useful information possible even if the costs exceed the benefits

Question

Quizplus · Accepted Answer

Financial reporting aims to provide useful information, but it must balance the cost of providing that information with the benefits derived from it. Providing information where costs exceed benefits is not an objective.

Which of the Following Is NOT an Objective of Financial