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Q1; What is the major objective of financial reporting? Provide information that is useful to management in making decisions. Provide information that clearly portrays nonfinancial

Q1; What is the major objective of financial reporting? Provide information that is useful to management in making decisions. Provide information that clearly portrays nonfinancial transactions. Provide information that excludes claims to the resources. Provide information that is useful to present and potential equity investors, lenders, and other creditors in making decisions

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