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    Intermediate Accounting Study Set 3
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    Exam 1: The Framework for Financial Reporting
  5. Question
    What Is the Purpose of Financial Statements
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What Is the Purpose of Financial Statements

Question 49

Question 49

Multiple Choice

What is the purpose of financial statements?


A) To disclose the market value of the firm's assets and liabilities.
B) To determine compliance with tax laws.
C) To identify shareholders.
D) To help users make decisions.

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