Four Financial Statements Are Usually Prepared for a Business

Multiple Choice

Four financial statements are usually prepared for a business.The statement of cash flows is usually prepared last.The retained earnings statement (RES) ,the balance sheet (B) ,and the income statement (I) are prepared in a certain order to obtain information needed for the next statement.In what order are these three statements prepared?

A) I,RES,B
B) B,I,RES
C) RES,I,B
D) B,RES,I