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The basic purpose of financial reporting is to: a. Directly measure the value of a firm using historical costs of resources b. Show a firm's

The basic purpose of financial reporting is to:

a.

Directly measure the value of a firm using historical costs of resources
b.

Show a firm's future stock price
c.

Provide information for firm value, past performance, and risk factors
d.

Provide information about a firm's resources in terms of market value

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