The major financial statements include all of the following except:

Question

Quizplus · Accepted Answer

The major financial statements are the Statement of financial position (also known as the balance sheet), Statement of comprehensive income (also known as the income statement), and Statement of stockholders' equity. The Statement of changes in financial position is not a major financial statement, but rather a supplemental statement used to show changes in cash and working capital over a specific period of time.

The Major Financial Statements Include All of the Following Except