A(n)______ is a yearly statement of the financial condition,progress and expectations of the organization.
A) Executive summary
B) Annual report
C) Financial ledger
D) Statement of cash flow

Question

Quizplus · Accepted Answer

An annual report is a comprehensive report on a company's activities throughout the preceding year. It provides shareholders and other interested people information about the company's activities and financial performance. It typically includes an executive summary, financial statements, analysis of the company's performance, and future outlook. A financial ledger is a record that contains all financial transactions of a business. A statement of cash flow is a financial statement that shows how changes in balance sheet accounts and income affects cash and cash equivalents. Therefore, the best choice is option B - Annual report.

A(n)______ Is a Yearly Statement of the Financial Condition,progress and Expectations