In preparing financial statements,accountants should consider all of the following except
A)the objectives of financial reporting.
B)the characteristics that make accounting information useful.
C)the most useful way to display the information found on the financial statements.
D)the presentation of the value of a company.

Question

Quizplus · Accepted Answer

While presentation of the value of a company is an important consideration in financial reporting, it is ultimately not the job of accountants to present a subjective value judgment of the company. Instead, accountants aim to provide accurate and reliable financial information that can be used to make informed decisions by stakeholders.

In Preparing Financial Statements,accountants Should Consider All of the Following