Multiple Choice
In FASB's Statement of Financial Accounting Concepts No. 4, the FASB identifies the information needs of the users of nonbusiness financial statements.
Which of the following is not one of those needs?
A) Making decisions about the allocation of resources to those organizations
B) Assessing the services that a nonbusiness organization provides and its ability to continue to provide those services
C) Assessing cash flow and the entity's ability to make current payments
D) Evaluating an organization's economic resources, obligations, and effects of changes in those net resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: Which of the following are the governmental
Q63: The Financial Accounting Standards Board sets financial
Q64: The FASAB was established to recommend accounting
Q65: The Governmental Accounting Standards Board sets financial
Q66: Which of the following fund types is
Q68: According to the GASB, Capital assets:<br>A) must
Q69: What type of fund is used when
Q70: The GASB and the FASB are parallel
Q71: Contrast revenue recognition under the accrual and
Q72: State and local governmental funds are organized