According to the Financial Accounting Standards Board, which of the following is not a purpose...
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According to the Financial Accounting Standards Board, which of the following is not a purpose of general financial reporting? A To assess an entity's prospects for future net cash inflows, existing and potential investors, lenders, and other creditors need information about the resources of the entity, claims against the entity, and how efficiently and effectively the entity's management and governing board have discharged their responsibilities to use the entity's resources B Provide information about the financial position of a reporting entity, which is information about the entity's economic resources and the claims against the reporting entity C Provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity D To provide social media information that should help customers with upcoming promotions
According to the Financial Accounting Standards Board, which of the following is not a purpose of general financial reporting? A To assess an entity's prospects for future net cash inflows, existing and potential investors, lenders, and other creditors need information about the resources of the entity, claims against the entity, and how efficiently and effectively the entity's management and governing board have discharged their responsibilities to use the entity's resources B Provide information about the financial position of a reporting entity, which is information about the entity's economic resources and the claims against the reporting entity C Provide financial information about the reporting entity that is useful to existing and potential investors, lenders, and other creditors in making decisions about providing resources to the entity D To provide social media information that should help customers with upcoming promotions
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