The basic ﬁnancial statements prepared for external users do not include which of the following?
A) The statement of ﬁnancial position.
B) The income statement.
C) The revenue statement.
D) The statement of cash ﬂows.

Question

Quizplus · Accepted Answer

The revenue statement is not a basic financial statement prepared for external users. The basic financial statements typically include the statement of financial position (balance sheet), the income statement (profit and loss statement), and the statement of cash flows.

The Basic ﬁNancial Statements Prepared for External Users Do Not