Which financial statement is created immediately after the income statement and balance sheet are complete?
A) Statement of stockholder's equity
B) Statement of cash flows
C) Statement of profit and loss
D) Statement of financial position

Question

Quizplus · Accepted Answer

The statement of stockholder's equity is prepared after the income statement and balance sheet to show changes in the equity section of the balance sheet.

Which Financial Statement Is Created Immediately After the Income Statement