Which of the following financial statements is required to be completed by a company?
I. Statement of cash flows
II. Statement of profit or loss and other comprehensive income
III. Statement of changes in equity
IV. Statement of financial position

Question

Quizplus · Accepted Answer

All four financial statements (statement of cash flows, statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of financial position) are required to be completed by a company according to International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP).

Which of the Following Financial Statements Is Required to Be