$**$Objective Type Question:$**$

Which of the following is a common financial reporting requirement for nonprofits?

a$)$ Filing a Statement of Cash Flows with the Securities and Exchange Commission $($SEC$).$

b$)$ Submitting quarterly financial reports to the Internal Revenue Service $($IRS$).$

c$)$ Issuing an Annual Report to shareholders.

d$)$ Filing Form $990$ with the IRS.