The four primary financial statements included in corporate annual reports are t

Question

The four primary financial statements included in corporate annual reports are the
a. Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Working Capital.
b. Income Statement, Statement of Assets, Cash Flow Statement, and Statement of Fund Balance.
c. Statemenet of Equity, Statement of Income, Statement of Cash Flows, and Balance Sheer.
d. Balance Sheet, Income Statement, Statement of Stockholders' Equity, and Statemenet of Cash Flows.
3. Statement of Fund Balance, Statement of Equity, Balance Sheet, and Income Statement.

Respectively,___ are resources that an organization owns;___ is/are debts that an organization owes; and ___ is/are amounts that owners have contributed and what the entity has earned for them.
a. assets; liabilities; revenues
b. assets; liabilities; stockholders' equity
c. assets; stockholders' equity; liabilities
d. erevenues; liabilities; expenses
e. revenues; liabilities; stockholders' equity.

Explanation / Answer

c. Statemenet of Equity, Statement of Income, Statement of Cash Flows, and Balance Sheer. b. assets; liabilities; stockholders' equity

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