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

What is the objective of financial reporting?

Provide information that is useful to management in making decisions.

Provide information that clearly portrays nonfinancial transactions.

Provide information about the reporting entity that is useful to present and poten creditors.

Provide information that excludes claims to the resources.

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