The objective of general-purpose financial reporting is to provide financial information

The objective of general-purpose financial reporting is to provide financial information about a reporting entity to each of the following except

present investors.

all of these answers are correct.

potential lenders.

potential equity investors.

What is the primary objective of financial reporting as indicated in the conceptual framework?

Provide information about those investing in the entity.

All of these answer choices are correct.

Provide information that is useful to those making investing and credit decisions.

Provide information that is useful to management.

Which of the following is a fundamental quality of useful accounting information?

Neutrality

Relevance

Materiality

Comparability

Which of the following is an ingredient of relevance?

Neutrality.

Verifiability.

Timeliness.

Materiality.