Consolidated financial statements consist of
A)a balance sheet,a statement of comprehensive income,a statement of changes in equity,a cash flow statement and accompanying notes.
B)a balance sheet,a statement of income,a statement of changes in financial position,and a statement of retained earnings.
C)a balance sheet,income statements and a statement of retained earnings.
D)a balance sheet,a statement of comprehensive and non-comprehensive income and any other statements that will provide useful information to the users of the financial statements.

Question

Quizplus · Accepted Answer

Consolidated financial statements typically include a balance sheet, a statement of comprehensive income, a statement of changes in equity, a cash flow statement, and accompanying notes. This option provides the most comprehensive set of financial statements, which can provide a complete picture of the financial health and performance of the entity being reported on.

Consolidated Financial Statements Consist of