According to Sorter and Gans, which of the following describes the intent of the Trueblood Committee Report's second financial statement objective?
A)Financial statements should serve those with limited ability.
B)Financial statements should serve special needs of specific users.
C)Financial statements should serve the general needs of users.
D)Financial statement should serve only those users who are very knowledgeable about financial statements and information.

Question

Quizplus · Accepted Answer

The Trueblood Committee Report's second financial statement objective emphasizes serving the general needs of users, rather than focusing on the specific needs of particular groups or individuals with varying levels of financial literacy.

According to Sorter and Gans, Which of the Following Describes