A firm issues periodic reports called?
a. financial statements.
b. summaries.
c. tax returns.
d. audits.
JDub, Nunya -- please use the same name for your posts.
a.
A.. Tax return
Financial Statements
The answer to the question is a. financial statements.
Financial statements are periodic reports that are issued by a firm to provide information about its financial performance and position. These reports include important financial information such as income statements, balance sheets, cash flow statements, and statement of equity.
To determine the answer, you can review the different terminology and definitions related to the options provided. In this case, financial statements are the most appropriate term as it directly relates to the reports issued by a firm to present their financial information. The other options, such as summaries, tax returns, and audits, are not typically used to describe the reports issued by a firm regarding its financial performance and position.