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Which of the Following Is the Best Description of the Purpose

Question 198

Multiple Choice

Which of the following is the best description of the purpose of financial reporting?


A) To allow users to access to the daily detailed records of a business.
B) To help the users reach their decisions in an informed manner.
C) To provide users with an assessment of how long the company will continue as a going concern.
D) To allow users access to a list of all the individuals who owe the company money.

Correct Answer:

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