Question

:What basic financial statements can be found in a corporate annual report?
A. Earnings statement and statement of retained earnings
B. Balance sheet, income statement, statement of shareholders' equity, and
statement of cash flows
C. Balance sheet, auditor's report and income statement
D. Statement of cash flows and five-year summary of key financial data

Answer 1

Answer:

What is B. Balance sheet, income statement, statement of shareholders' equity, and  statement of cash flows

Explanation:

An annual report for a corporation normally includes four types of financial statement: a balance sheet, income statement, cash flow statement; and equity statement, also known as statement of retained earnings.

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