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The objectives of financial reporting include all of the following except to provide information that A) is useful to the Internal Revenue Service in allocating

The objectives of financial reporting include all of the following except to provide information that

A) is useful to the Internal Revenue Service in allocating the tax burden to the business

community.

B) is useful to those making investment and credit decisions. C) is helpful in assessing future cash flows.

D) identifies the economic resources (assets), the claims to those resources (liabilities),

and the changes in those resources and claims.

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