The four major financial statements of a corporation consist of the
A)income statement, balance sheet, statement of cash flows, and statement of changes in stockholders' equity
B)balance sheet, statement of cash flows, statement of retained earnings, and income statement
C)income statement, statement of cash flows, and balance sheet
D)statement of cash flows, balance sheet, income statement, and statement of capital equity

Question

Quizplus · Accepted Answer

The four major financial statements of a corporation are the income statement, balance sheet, statement of cash flows, and statement of changes in stockholders' equity. Option A lists all four statements correctly. Option B includes a statement of retained earnings instead of a statement of changes in stockholders' equity. Option C excludes the statement of changes in stockholders' equity. Option D lists the statements in an incorrect order.

The Four Major Financial Statements of a Corporation Consist of the