Which of the following is NOT an objective of financial reporting?
A. to provide information about an entitys economic resources, obligations and equity/net assets
B. to provide information that is useful to investors and creditors and other users in making resource allocation decisions and/or assessing management stewardship
C. to provide information that is useful in assessing the economic performance of the entity
D. to provide the most useful information possible even if the costs exceed the benefits
Answer:D
Which of the following is NOT an objective of financial reporting?
A. to provide information about an entitys economic resources, obligations and equity/net assets B. to provide information that is useful to investors and creditors and other users in making resource allocation decisions and/or assessing management stewardship C. to provide information that is useful in assessing the economic performance of the entity D. to provide the most useful information possible even if the costs exceed the benefits