A(n)______is a yearly statement of the financial condition,progress and expectations of an organization.
A)mission statement
B)independent audit
C)balance sheet
D)annual report

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that shows an organization's assets, liabilities, and equity at a particular point in time. A mission statement is a brief summary of an organization's purpose and values. An independent audit is an evaluation of an organization's financial records and procedures by an external auditor. An annual report is a comprehensive report on an organization's activities throughout the preceding year, including financial information and future plans. Therefore, the annual report is the best choice for this definition.

A(n)______is a Yearly Statement of the Financial Condition,progress and Expectations