Which of the Following Statements Is Not True About Private

Multiple Choice

Which of the following statements is not true about private companies?

A) Private companies usually have easily identifiable user groups.
B) User groups of a private company are not permitted to request additional information, outside of the issued financial statements, from the company.
C) Private companies are not required to issue "general-purpose" financial statements.
D) Private companies often report to specific user groups for specific purposes.