Choice "A" is correct. Financial projections are not appropriate for general use, and therefore should not be included in an offering statement of the entity's initial public offering of common stock.
Choice "d" is incorrect. Financial projections are appropriate for limited use, such as a mortgage application for the purpose of expanding the entity's facilities.
Choice "c" is incorrect. Financial projections are appropriate for limited use, such as a comprehensive document to be used in negotiating a new labor contract.
Choice "b" is incorrect. Financial projections are appropriate for limited use, such as a report to the audit committee that is not sent to the stockholders.