Which of the Following Is the Correct Order of Preparation

Multiple Choice

Which of the following is the correct order of preparation of financial statements?

A) income statement → statement of owner's equity → balance sheet → statement of cash flows
B) statement of owner's equity → balance sheet → income statement → statement of cash flows
C) balance sheet → statement of owner's equity → income statement → statement of cash flows
D) balance sheet → income statement → statement of owner's equity → statement of cash flows