According to Sorter and Gans, which of the following describes the intent of the Trueblood Committee Report’s second financial statement objective?
a. Financial statements should serve those with limited ability.
b. Financial statements should serve special needs of specific users.
c. Financial statements should serve the general needs of users.
d. Financial statement should serve only those users who are very knowledgeable about financial statements and information.
ANSWER: C
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