The basic purpose of financial reporting is, Ask an Expert

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The basic purpose of financial reporting is to:

a. Show a firm's ability to generate information based on previous cash transactions

b. Provide information about a firm's resources in terms of market value

c. Directly measure the value of a firm using historical costs of resources

d. Provide information for investment and credit decisions using past performance data

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M942780

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