Which of the following best describes why firms produce financial statements?
A) to use as a tool when planning future investments within the firm
B) to provide a means of enticing new investors to a 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
Correct Answer:
Verified
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