Which of the following statements is correct? (1) In the United States, publicly traded companies can choose whether or not they wish to release periodic financial statements. (II) Financial statements are used to show the daily activities a firm has undertaken in the previous financial year, and what activities are planned for the near future. Select one: O a. I only O b. Il only O c. Both I and II O d. Neither | nor II Which of the following statements is correct? (1) In the United States, publicly traded companies can choose whether or not they wish to release periodic financial statements. (II) Financial statements are used to show the daily activities a firm has undertaken in the previous financial year, and what activities are planned for the near future. Select one: O a. I only O b. Il only O c. Both I and II O d. Neither | nor