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Which of the following is a true statement about the objective of general-purpose financial reporting? A. Financial reporting directly measures management performance. B. The information

Which of the following is a true statement about the objective of general-purpose financial reporting?
A. Financial reporting directly measures management performance.
B. The information provided relates to the entitys economic resources and claims.
C. Financial reporting is ordinarily focused on industries rather than individual entities.
D. The objective applies only to information that is useful for investment professionals.

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