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Of the following, the most important objective for financial reporting is to provide information useful for: Multiple Choice Making decisions. Determining taxable income. Providing accountability. Increasing future profits.

Respuesta :

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Answer:

Making decisions

Explanation:

Financial reporting is an important reporting procedure which helps to mitigate the chances of financial discrepancies in a firm or organisation. Financial reporting is based on multiple financial procedures with the sole purpose of making financial decisions. Moreover, the financial decisions are based on financial reporting to improve future profits, revenues and financial bankruptcies. So financial reporting helps to make short-term and long-term financial decisions.