The objective of general-purpose financial reporting is?
a. to provide financial information about the reporting entity that is useful to present and
potential equity investors, lenders, and other creditors in making decisions in their
capacity as capital providers
b. to provide companies with the option to select information that favors one set of
interested parties over another
c. to provide users with financial information that implies total freedom from error.
d. to provide a metric for financial information used to determine when the boundary
between two or more entities should be disregarded and the entities considered to be
a licensing arrangement.
