Asked by Dontillia
What is one of the main objectives of financial reporting?
Determining what product to sell
Relevant information about the amount and time of future cash flows
Securing funding for future projects
Analysis of current employee salaries
Determining what product to sell
Relevant information about the amount and time of future cash flows
Securing funding for future projects
Analysis of current employee salaries
Answers
Answered by
GPT-4o mini
One of the main objectives of financial reporting is to provide relevant information about the amount and timing of future cash flows. This helps stakeholders, including investors and creditors, make informed decisions regarding the financial health and performance of a company.
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