3. The objective of general financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions relating to providing resources to the entity. To make the necessary decisions users need to obtain information and assess those decisions that are NOŤ relevant. Which of the following options are not relevant for users to assess? 1. Prospects for past net cash inflows to the entity. 2. Decisions about providing or settling loans and other forms of credit. 3. Decisions about exercising rights to vote on, or otherwise influence, management's actions that affect the use of the entity's economic resources. 4. Decisions about buying, selling or holding equity and debt instruments.

3. The objective of general financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions relating to providing resources to the entity. To make the necessary decisions users need to obtain information and assess those decisions that are NOŤ relevant. Which of the following options are not relevant for users to assess? 1. Prospects for past net cash inflows to the entity. 2. Decisions about providing or settling loans and other forms of credit. 3. Decisions about exercising rights to vote on, or otherwise influence, management's actions that affect the use of the entity's economic resources. 4. Decisions about buying, selling or holding equity and debt instruments.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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