The Purpose of Financial Statements Contained in Annual Reports Is

question 10

Multiple Choice

The purpose of financial statements contained in annual reports is to

• A)aid in monitoring day-to-day decisions of operations to ensure the company's strategy is followed.
• B)aid external financial users in analyzing product costs for the company's segments and perform short-term planning.
• C)provide information to external users for decision making.
• D)communicate a company's strategic direction and controlling activities to external users.