Which of the following is not one of the FASB's objectives when setting accounting standards?
A) To make the allocation of investment capital in the U.S. more efficient
B) To allow investors to more accurately compare companies
C) To allow investors and creditors to make more accurate investment and lending decisions about particular companies
D) To promote a more equitable distribution of incomes in the U.S.

Question

Quizplus · Accepted Answer

The FASB's objectives are to provide financial information that is useful in making investment and credit decisions, to facilitate comparability among companies, and to improve the allocation of investment capital. Promoting a more equitable distribution of incomes in the U.S. is not one of the FASB's objectives.

Which of the Following Is Not One of the FASB's