Detailed Answer
(a) FASB ASC 958 establishes standards for generalpurpose
external financial statements. This statement focuses on
the basic information of the organization as a whole so as to enhance
the relevance, understandability, and comparability of the
financial statements by the external users. Thus, answer (a) is
correct since the overall objective is the enhancement of the basic
information, while answers (b), (c), and (d) address factors that
are taken into consideration to achieve the objective.