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Question 1 The objective of financial reporting places most emphasis on: A reporting on stewardship B reporting to capital providers. c providing specific guidance related to specific needs D providing information to individuals who are experts in the field Question 2 General-purpose financial statements are prepared primarily for: A internal users B external users auditors government regulatorsQuestion 3 Non-nancial measurements include all of the following except: backlog information customer satisfaction indexes reject rates on goods purchased All ANSWERS ARE CORRECT Question 4 Which of the following is an ethical concern of accountants? Industry practices Conservative accounting Earnings manipulation NO ANSWER IS CORRECT Question 5 \"Expectation gap\" is? G) what nancial information management provides and what users want what the public thinks accountants should do and what accountants think they can do 6:) what the governmental agencies want from standard-setting and what the standard-setters provide Q!) what the users of nancial statements want from the government and what is provided Question 6 Which of the following is a fundamental quality of useful accounting information