Exercise $1-15($Static$)$ Multiple choice; concept statements, basic assumptions, principles $[$LO$1-6,1-7,1-8,1-9]$

Determine the response that best completes the following statements or questions.

The primary objective of financial reporting is to provide information:

multiple choice $1$

about a firm's financing and investing activities.

about a firm's management team.

concerning the changes in financial position resulting from the income$-$producing efforts of the entity.

useful to capital providers.