In FASB's Statement of Financial Accounting Concepts No. 4, the FASB identifies the information needs of the users of nonbusiness financial statements.
Which of the following is not one of those needs?
A) Making decisions about the allocation of resources to those organizations
B) Assessing the services that a nonbusiness organization provides and its ability to continue to provide those services
C) Assessing cash flow and the entity's ability to make current payments
D) Evaluating an organization's economic resources, obligations, and effects of changes in those net resources.

Question

Quizplus · Accepted Answer

Answer Answers A, B and D are all information needs of users of nonbusiness financial statements. The fourth is Assessing management's stewardship and performance. Assessing cash flow was not one of the items identified in Statement #4.