According to the Corporations Act, a company is required to include which of the following financial statements in its annual financial report? I Statement of profit or loss and other comprehensive income
II Statement of financial income
III Statement of financial position
IV Statement of changes in equity
V Statement of cash flows

Question

Quizplus · Accepted Answer

The correct financial statements required by the Corporations Act in a company's annual financial report include the Statement of profit or loss and other comprehensive income (I), Statement of financial position (III), Statement of changes in equity (IV), and Statement of cash flows (V). There is no requirement for a Statement of financial income (II), which is not a standard financial statement under the Act.

According to the Corporations Act, a Company Is Required to Include