In addition to the balance sheet,income statement,and the statement of cash flows,a firm's complete financial statements will include all of the following except:
A) Management discussion and Analysis
B) Notes to the financial statements
C) Securities and Exchange Commission's (SEC) commentary
D) Statement of stockholders' equity

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) does not provide commentary in a firm's financial statements. Instead, the SEC regulates and oversees financial reporting by public companies. The other options - management discussion and analysis, notes to the financial statements, and statement of stockholders' equity - are typically included in a company's complete financial statements.

In Addition to the Balance Sheet,income Statement,and the Statement of Cash