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A General Purpose Financial Statements Means

Question 49

Multiple Choice

A general purpose financial statements means:


A) a financial report intended to meet the information needs of users who are unable to command the preparation of special purpose reports
B) a financial report prepared by the company for the needs of any user
C) a financial report intended to meet the information needs of preparers
D) a financial report intended to meet the information needs of users who are able to command the preparation of reports to satisfy all of their information needs

Correct Answer:

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