Question: Indicate which of the following are objectives of financial accounting

Indicate which of the following are objectives of financial accounting.
(Yes/No) Objectives
1. ________ Provide information that is useful to investors and creditors.
2. ________ Guarantee that businesses will not go bankrupt.
3. ________ Provide information about resources and claims to resources.
4. ________ Prevent competitors from offering lower-priced products.
5. ________ Provide information to help users in predicting future cash flows.
6. ________ Maximize tax revenue to the federal government.


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  • CreatedJuly 15, 2014
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