Choice "C" is correct. Financial projections are hypothetical, "what if" prospective financial statements. Because the user may need to ask the responsible party questions about the underlying assumptions, financial projections are "restricted use" reports, whose use is restricted to the responsible party and those third parties with whom the responsible party is negotiating directly.
Choices "b", "a", and "d" are incorrect. Only financial forecasts (based on expected conditions) are appropriate for general use.
