Financial statements are prepared after an entity's transactions are analyzed and recorded.Which of the following reports is one of the required financial statements?
A)Statement of cash flows
B)Statement of return on assets
C)Statement of dividends
D)Expense statement

Question

Quizplus · Accepted Answer

The statement of cash flows is one of the required financial statements, along with the balance sheet and income statement. The statement of return on assets and statement of dividends are not required financial statements, and there is no such thing as an "expense statement."

Financial Statements Are Prepared After an Entity's Transactions Are Analyzed