Brief Exercise $1-10($Static$)$ Identify the objectives of financial accounting $($LO$1-5)$

Select which of the following are objectives of financial accounting by indicating yes or no$.$

Objectives

Provide information that is useful to investors and creditors.

Guarantee that businesses will not go bankrupt.

Provide information about resources and claims to resources

Prevent competitors from offering lower$-$priced products

Provide information to help users in predicting future cash flows

Maximize tax revenue to the federal government.