Which of the Follow Statements Regarding the Primary Objective of Financial

Multiple Choice

Which of the follow statements regarding the primary objective of financial reporting is correct?

A) The primary objective of financial reporting is to provide information useful for the acquisition of long-term assets.
B) Information that is faithfully represented is complete, neutral, and free from error.
C) Relevant information ensures that users of the information will make the correct decisions.
D) To be useful, information must follow the Generally Accepted Accounting Principles which are created and governed by the Securities and Exchange Commission.