Asked by David Plata on May 12, 2024
Verified
Which of the following types of information was specifically identified by the FASB as being useful in assessing the amounts, timing, and uncertainty of a company's future cash flows?
A) liquidity
B) return of investment
C) financial capability
D) credit standing
FASB
Financial Accounting Standards Board; an independent organization responsible for establishing accounting and financial reporting standards in the United States.
Future Cash Flows
Future cash flows refer to the projected inflows and outflows of cash that a company expects from its operations over a future period.
Credit Standing
The assessment of a borrower's financial health and ability to repay debt, typically influenced by credit history and financial behavior.
- Comprehend the overarching and precise targets of financial reporting in accordance with the FASB guidelines.
Verified Answer
Learning Objectives
- Comprehend the overarching and precise targets of financial reporting in accordance with the FASB guidelines.
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