All of the Following Are True of Annual Reports EXCEPT

Multiple Choice

All of the following are true of annual reports EXCEPT

A) 80% of portfolio managers use annual reports when making decisions.
B) annual reports contain income statements and balance sheets.
C) annual reports contain cash flow statements.
D) the 10-k form contains information also available in the annual report.
E) annual reports contain notes to the financial statements indicating why certain actions were taken.