Question

The primary objective of financial reporting is to provide information:

a. About a firm's financing and investing activities.
b. About a firm's management team.
c. About a firm's product lines.
d. That is useful in decision making.

Answer 1

The primary objective of financial reporting is to provide information that is useful in decision-making.

Step-by-step explanation:

The primary objective of financial reporting is to provide information that is useful in decision-making. Financial reporting allows stakeholders, such as investors and creditors, to analyze a firm's financial performance and make informed choices. This information includes details about a firm's financing and investing activities, as well as its product lines. By examining a firm's financial statements, stakeholders can assess its profitability, liquidity, and overall financial health.