The major objectives of financial statements are:
A)capital maintenance measurement and adaptability.
B)accountability and adaptability.
C)predictive ability and accountability.
D)capital maintenance and predictive ability.

Question

Quizplus · Accepted Answer

The major objectives of financial statements include providing information that is useful for making economic decisions (predictive ability) and demonstrating the entity's accountability in its use of resources.

The Major Objectives of Financial Statements Are