Which Of The Following Is Not Normally An Objective Of Financial Reporting?

The correct choice is d), as usually, it is not the main purpose or objective of Financial Reporting to provide the liquidation value of an entity and, normally, it is prepared to provide information of ongoing or carrying on business (based on going-concern concept) which is still not going into liquidation near future. In fact, it provides information of companyās financial performance and financial position, cash flows activities, movements of equity, profitability, liquidity, etc., to Users of Financial Information both internal users such as Owners, Board of Directors, Management, Employees and external users such as Shareholders, Investors, Creditors, Suppliers / Vendors, Professional Bodies such as Audit Firms & Law Agencies, Government, etc. However, in case of liquidation of the business, or when the entity wants to check the investment opportunities for investors or lending risks for creditors i.e., whether the entity will pay to creditors out of its physical asse...