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3) What decision would users of financial information need to make under the IFRS Conceptual Framework?...

3) What decision would users of financial information need to make under the

IFRS Conceptual Framework?

A) Determining whether to lend to the company.

B) Determining if a company is an ethical company.

C) Determining if the liquidation values are accurate.

D) Determine if the company is socially responsible.

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Answer #1

Users of financial information under IFRS conceptual framework are generally shareholders or lenders, and they are mostly concerned with profits and wealth generation,

the answer is A) Determining whether to lend to the company.

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