What is a major objective of accounting financial reporting? a Communicating inf

Question

What is a major objective of accounting financial reporting?

a

Communicating information which helps managers make decisions

b

Communicating information about nonfinancial transactions

c

Communicating information used to assess timing, amounts, and uncertainty of prospective cash receipts

d

Communicating information that excludes claims to the resources

a

Communicating information which helps managers make decisions

b

Communicating information about nonfinancial transactions

c

Communicating information used to assess timing, amounts, and uncertainty of prospective cash receipts

d

Communicating information that excludes claims to the resources

Explanation / Answer

Communicating information used to assess timing, amounts, and uncertainty of prospective cash receipts. Such information is provided to help present and potential investors as well as all other stakeholders to make various decisions. Option C is correct

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