One of the main reasons that companies release early summaries of financial statements in press releases is:
A)they do not have to conform to GAAP.
B)this allows them to delay the release of financial statements.
C)it makes information available to external users in a more timely manner.
D)they do not have to match the financial statements.

Question

Quizplus · Accepted Answer

Early summaries of financial statements in press releases provide external users with information in a more timely manner. This allows investors, analysts and other interested parties to make more informed decisions quickly.

One of the Main Reasons That Companies Release Early Summaries