Which of the Following Is Not an Objective of Generally

Multiple Choice

Which of the following is not an objective of generally accepted accounting principles?

A) To minimize the amount of income taxes owed.
B) To ensure that both preparers and users of financial statements understand the concepts and assumptions used in presenting information within these statements.
C) To enhance the relevance and verifiability of information contained in financial statements.
D) To increase the comparability of financial statements prepared by different companies.