Question Details

Which of the following will be of interest to investors in decision-making?



1.	Financial statements in the early 2000s provide information related to
a.	nonfinancial measurements.
b.	forward-looking data.
c.	hard assets (inventory and plant assets).
d.	None of these answer choices are correct.

	2.	Which of the following is not a major challenge facing the accounting profession?
a.	Nonfinancial measurements.
b.	Timeliness.
c.	Accounting for hard assets.
d.	Forward-looking information.

	3.	What is the objective of financial reporting?
a.	Provide information that is useful to management in making decisions.
b.	Provide information that clearly portrays nonfinancial transactions.
c.	Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.
d.	Provide information that excludes claims to the resources.

	4.	Primary users for general-purpose financial statements include
a.	creditors.
b.	employees.
c.	investors.
d.	both creditors and investors.

	5.	Which of the following will be of interest to investors in decision-making?
a.	Assessing the company- ability to generate net cash inflows.
b.	Assessing management- ability to protect and enhance the capital providers’ investments.
c.	Both assessing the company- ability to generate net cash inflows and assessing management- ability to protect and enhance the capital provider- investments.
d.	Assessing the company- ability to collect debts.



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