The balance sheet,income statement,and statement of cash flows are considered ________ statements.

Question

Quizplus · Accepted Answer

The balance sheet, income statement, and statement of cash flows are considered financial statements because they provide important financial information about a company. The balance sheet reports a company's assets, liabilities, and equity at a specific point in time, while the income statement shows a company's revenue and expenses over a period of time. The statement of cash flows provides information about a company's cash inflows and outflows during a period of time. All of these statements help investors and analysts evaluate a company's financial performance and determine its financial position.

The Balance Sheet,income Statement,and Statement of Cash Flows Are Considered