Wendell is the controller of Alka Co., a 10-year-old company that has just gone public. The president comments to Wendell: I know that we now need to supply audited annual financial statements, but the regulators also want timely reports periodically during the year. Im not sure what these involve. Which of the following statements by Wendell best describes Alkas interim financial statements?

Question options: a) The note disclosure in the interim financial statements is typically much less detailed than those contained in the annual financial statements.

b) Alka does not have to provide any note disclosures in the interim financial statements.

c) Alka is required to provide the same note disclosure in the interim financial statements as is contained in the annual financial statements

. d) Estimates will need to be made for annual revenues and expenses so that allocations to interim periods can be made with minimal fluctuations between periods.