Case #2 - Chapter 2 - A Further Look at Financial Statements 20 pts CH02: Financial Statements 1. a) What is the primary objective of financial reporting? 2. b) Identify the characteristics of useful accounting information? To get the most points from this discussion, please provide: 1. Theoretical definition and your own explanation. 2. Your examples. 3. Review 2 or more classmates answers and make a suggestion, recommendation, or explain why you do like or dislike their answer. Please note that answers like "good explanation", "I agree with your response" will not count for your grade