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1. About a firm's financing and investing activities
2. About a firm's economic resources and obligations
3. About a firm's product lines
4. Useful in predicting cash flows
Option4 is the right answer.
Financial reporting is one of the accounting tools that provide useful information to the different stakeholders of a firm and these incude whether to give credit to a customer, lending to a borrower, provide information about the cash flows and determining the liquidity of a business and to disclose the obligations and economic resources of an entity.
I think option2 is right answer
