Jane is determining the overall financial situation for her business.Since she has to report to a group of investors, she should just give them the statement of profit or loss and other comprehensive income.

Question

Quizplus · Accepted Answer

Jane should present her investors with a comprehensive financial report including the statement of financial position (balance sheet), statement of profit or loss and other comprehensive income, and statement of cash flows. This will give a complete picture of the business's financial situation.

Jane Is Determining the Overall Financial Situation for Her Business