Which of the Following Is the Correct Order of Preparation

question 118

Multiple Choice

Which of the following is the correct order of preparation of financial statements?

• A)income statement → statement of retained earnings → balance sheet → statement of cash flows
• B)statement of retained earnings → balance sheet → income statement → statement of cash flows
• C)balance sheet → statement of retained earnings → income statement → statement of cash flows
• D)balance sheet → income statement → statement of retained earnings → statement of cash flows

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