The general purpose financial statements prepared annually by a corporation would not include the:
A)Balance sheet.
B)Income tax return.
C)Income statement.
D)Statement of cash flows.

Question

Quizplus · Accepted Answer

The general purpose financial statements prepared annually by a corporation would include the balance sheet, income statement, and statement of cash flows. However, the income tax return is a separate document that is prepared for tax purposes, not for general financial reporting.

The General Purpose Financial Statements Prepared Annually by a Corporation