How often are financial statements
released?

Once per year

Explanation:

The law requires businesses to prepare their financial statements and reports every year or twelve months. A business's financial period should not exceed 12 months. All firms must prepare their financial reports to the relevant stakeholders at the end of every financial period.

Shareholders, investors, business partners, and the government are some of the users of the company's financial reports. The law expects the business to present their financial statements at the end of every period. However, companies may prepare reports in between the financial period for their internal use.

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;