Answer:
A. What long-term investments should the firm undertake (capital budgeting decisions)?
B. How can the firm best manage its cash flows as they arise in its day-to-day operations (working capital management decisions)?
C. How should the firm raise money to fund new investments (capital structure decisions)?
Step-by-step explanation:
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Also, financial statements are the reports of a company which provide detailed information about the company's financial position.
There are three basic questions that are addressed by the study of finance. They are;
A. What long-term investments should the firm undertake (capital budgeting decisions)?
B. How can the firm best manage its cash flows as they arise in its day-to-day operations (working capital management decisions)?
C. How should the firm raise money to fund new investments (capital structure decisions)?