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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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