(a) State the objective of general purpose financial reporting. (b) Identify the main classes of information that...
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(a) State the objective of general purpose financial reporting.
(b) Identify the main classes of information that should be presented in general purpose financial reports.
(c) Identify the primary users of general purpose financial reports and any other parties who might find these reports useful. Explain why each user group might be interested in the information provided in general purpose financial reports.
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a The objective of general purpose financial reporting is to provide financial information about an ...View the full answer
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