Which of the Following Best Describes Why Firms Produce Financial

Multiple Choice

Which of the following best describes why firms produce financial statements?

A) to use as a tool when planning future investments within the firm
B) to provide a means of enticing new investors to a firm
C) to provide interested parties,both inside and outside the company,with an overview of the short- and long-term financial condition of a business
D) to show what activities the company has undertaken in the previous financial year,and what activities are planned for the near future
E) to determine managerial performance