Which of the Following Is an Objective of Financial Reporting

Multiple Choice

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

A) The same as the objectives of financial reporting by business enterprises.
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.