Which of the following is not an objective of financial reporting? Multiple Choice
1. To provide information about the fair value of an entity's economic resources.
2. To report financial performance from the perspective of cash inflows and outflows.
3. To provide indirect information about management's performance in meeting its responsibilities for stewardship of the entity. Incorrect
4. To provide information that is useful to investors and creditors.
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Home » Business » Which of the following is not an objective of financial reporting? Multiple Choice 1. To provide information about the fair value of an entity's economic resources. 2. To report financial performance from the perspective of cash inflows and outflows.