When Assessing General Purpose Financial Statements, the Financial Analyst Takes

Multiple Choice

When assessing general purpose financial statements, the financial analyst takes into consideration the fact that many important assets may not be included in the company's statement of financial position, such as human resource capital, intellectual property and social responsibility.This limitation is the result of applying which of the following characteristics of financial information?

A) Entity concept
B) Unit-of-measure assumption
C) Going-concern assumption
D) Periodic-reporting assumption