Which of the Following Is True Concerning the Impact of Securities

Which of the following is true concerning the impact of securities markets on corporate reporting?

A) Most investors and creditors know what information they want, how they can use the information, and what the costs and benefits are of that information.
B) There is a strong correlation between well-developed capital markets and the extent of financial disclosure in corporate reports.
C) The wave of privatization is hampering disclosure, because state-owned firms cannot disclose the same information that private firms can.
D) There is a strong convergence of opinions on what corporate management wants to disclose and what financial providers want from management.