This Question Focuses on the Financial Statements

Short Answer

This question focuses on the financial statements. Indicate the letter that best applies to each statement in the blank provided.
A. Does not apply to a corporation.
B. Reports the results of operations.
C. Reports changes in retained earnings and changes in share capital.
D. Reports cash inflows and outflows.
E. Reports financial position.
F. None of the above.
1. Income statement
2. Statement of financial position
____ 3. Statement of cash flows
4. Statement of changes in equity
____ 5. Statement of partners' equity