Which of the following best describes why firms produce financial statements? (Points : 1)
a. to use as a tool when planning future investments within the 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

Question

Which of the following best describes why firms produce financial statements? (Points : 1)
        a. to use as a tool when planning future investments within the 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