6 Answer saved Marked out of 1.00 Flag question Analyzing the Objective of Financial Reporting Indicate whether each statement a through his true or false. Financial reporting focuses primarily on external users of financial statements True b. General-purpose financial statements are prepared primarily for internal users False c Financial reporting is directly concerned with stockholders and creditors True d Financial reporting requires only a balance sheet, an income statement, and a statement of cash flows, while other statements are optional e. Disclosure notes are considered an integral part of financial statements False True 4 External decision makers include shareholders, bondholders, banks, and competitors True : g Because accrual accounting is more predictive of future performance than cash accounting, all financial statements reported follow accrual accounting True Resource allocation decisions drive the need for financial reporting : True : Previous Save Answers