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Determining the objectives of financial reporting requires answers to each of the following except: a. who uses financial statements? b. what information do financial statement

  • Determining the objectives of financial reporting requires answers to each of the following except:

  • a. who uses financial statements?

  • b. what information do financial statement users need?

  • c. how knowledgeable about accounting are financial statement users?

  • d. how should financial information be recorded in the accounting records?

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