In the issuer's annual report,how many years of audited financial statements must be presented?
I.Three years of audited income statements
II.Two years of audited balance sheets
III.Three years of audited statements of cash flows
A) I and II
B) II and III
C) I and III
D) I, II, and III

Question

Quizplus · Accepted Answer

According to generally accepted accounting principles (GAAP), an issuer's annual report should include three years of audited income statements, two years of audited balance sheets, and three years of audited statements of cash flows. Therefore, all three options are necessary to be presented in an annual report.

In the Issuer's Annual Report,how Many Years of Audited Financial