Multiple Choice
Because of the links among financial statements, they must be prepared in order.Which of the following correctly describes the order of preparation?
A) Income statement, statement of comprehensive income, statement of changes in equity, and balance sheet.
B) Income statement, balance sheet, statement of comprehensive income, and statement of changes in equity.
C) Balance sheet, income statement, and statement of changes in equity.
D) Balance sheet, statement of changes in equity, income statement, and statement of comprehensive income.
Correct Answer:

Verified
Correct Answer:
Verified
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