please explain why the option is correct and remaining incorrect answer should be 100% correct or skip

Financial reporting: Multiple Choice O is designed primarily to meet the needs of banks, taxing authorities, and other Governmental regulatory bodies such as the SEC. O is future oriented in nature, with detailed disclosures about a company's operating plans to allow investors to make accurate earnings projections. O is designed primarily for internal planning, control, and decision-making purposes. O includes detailed notes and other disclosures about a company's past performance