Which of the Following Statements Is Not Correct Concerning Summary

Multiple Choice

Which of the following statements is not correct concerning summary annual reports?

A) A summary annual report omits much of the financial information included in an annual report.
B) When a company issues a summary annual report,the proxy materials it sends to shareholders must include a set of fully audited statements and other required financial disclosures.
C) A summary annual report generally has more nonfinancial pages than financial pages.
D) A summary annual report is adequate for reasonable analysis.
E) The concept of a summary annual report was approved by the Securities and Exchange Commission.