Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

What are the three key financial statements?

A. Income statement, statement of owner's equity, and balance sheet
B. Balance sheet, statement of owner's equity, and statement of retained earnings
C. Income statement, statement of owner's equity, and statement of retained earnings
D. Income statement, profit and loss statement, and balance sheet

Sagot :

GinnyAnswer

Final answer:

The three key financial statements are the Balance Sheet, Income Statement, and Cash Flow Statement.


Explanation:

Balance Sheet: Presents the organization's assets, liabilities, and net assets at a particular point in time.

Income Statement: Presents the organization's revenues, expenses, and changes in net assets throughout a particular time period.

Cash Flow Statement: Shows how the organization receives and uses cash to carry out its mission.


Learn more about Financial statements here:

https://brainly.com/question/51289814


Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.