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Multiple Choice Finance Question...?

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Annual financial reports of a corporation include

A. a balance sheet and an income statement

B. a comparitive balance sheet and a comparitive income statement

C. both A and B

D. letters from the CEO and management, reports, explanations, as well as C.

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  1. I think it's C.

    The letter from the CEO usually comes out after earning are announced.


  2. The annual financial reports of a corporation include:

    > Balance Sheet

    > Income Statement

    > Statement of Cash Flows

    All three are required. So actually all your answer choices are wrong.

    Tell your teacher that he/she missed the Statement of Cash Flows in the answer selection - you may get extra credit.

  3. c
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