Which of the Following Is a Primary Objective of Financial

Multiple Choice

Which of the following is a primary objective of financial reporting by state and local governments?

A) To provide information that can be used for capital allocation decisions made by external investors.
B) To report on the legal requirements imposed on the government by its elected officials.
C) To provide information that can be used to assess a government's accountability.
D) To fulfill the government's statutory duty to report on cash received and cash disbursed.