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almond37 [142]
2 years ago
10

What is the objective of financial reporting? Provide information that clearly portrays nonfinancial transactions. Provide infor

mation about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors. Provide information that excludes claims to the resources. Provide information that is useful to management in making decisions.
Business
1 answer:
sladkih [1.3K]2 years ago
8 0

Answer:

Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.

Explanation:

Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.

Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.

Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.

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i think it's" B" , from the explanation!

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Free trade increases the size of the economy as a whole. It allows goods and services to be produced more efficiently. ... Free trade is good for consumers. It reduces prices by eliminating tariffs and increasing competition. Greater competition is also likely to improve quality and choice.

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The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using camera
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Answer:

False

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A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provid
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