The basic financial statements prepared for external users do not include which of the following?
A)the statement of financial position.
B)the income statement.
C)the revenue statement.
D)the statement of cash flows.

Question

Quizplus · Accepted Answer

The basic financial statements prepared for external users typically include the statement of financial position (balance sheet), income statement, and statement of cash flows. The revenue statement is not a commonly used financial statement and is not typically prepared for external users.

The Basic Financial Statements Prepared for External Users Do Not