Which of the Following Statements Is Correct in Regards to the Order

question 105

Multiple Choice

Which of the following statements is correct in regards to the order of preparing financial statements?

• A) Income statement, Balance sheet, Statement of changes in owner's equity, Cash flow statement
• B) Balance sheet, Income statement, Cash flow statement, Statement of changes in owner's equity
• C) Income statement, Statement of changes in owner's equity, Balance sheet, Cash flow statement
• D) Income statement, Statement of changes in owner's equity, Cash flow statement, Balance sheet

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