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The primary objective of financial reporting is to provide information_?

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

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Question ajoutée par Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date de publication: 2015/07/28
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option4 is the right answer.

Shingai Madondo
par Shingai Madondo , Administration , GIZ (German development cooperation)

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.

Imdad Hussain Rajput
par Imdad Hussain Rajput , Assistant Sales Manager , Forego

I think option2 is right answer