The FASB and IASB Are Working Jointly to Develop a Revised

Multiple Choice

The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives.They envision that the

A) primary user groups are present and potential providers of resources, including equity investors and creditors.
B) users want information useful for making resource allocation decisions.
C) users want information useful for making decisions about protecting and enhancing their investments.
D) proposed reporting objectives would also specify that firms should prepare financial reports from the perspective of the reporting entity (entity perspective) .
E) all of the above