In researching a company,the financial statements you should examine are the _________________ and the _________________.
A) Income statement; balance sheet
B) Income statement; changes in equity statement
C) Cash flow statement; balance sheet
D) Cash flow statement; changes in equity statement

Question

Quizplus · Accepted Answer

The income statement and balance sheet provide important financial information about a company's performance, revenue, expenses, liabilities, and assets. The income statement shows the company's revenue and expenses during a specific period of time, while the balance sheet provides a snapshot of the company's financial position at a specific point in time, including its assets, liabilities, and equity. The other options (B, C, and D) are also important financial statements, but they do not provide as comprehensive of an overview of a company's financial performance and position as the income statement and balance sheet.

In Researching a Company,the Financial Statements You Should Examine Are