Which of the Following Is the Correct Order of Preparation

question 45

Multiple Choice

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

• A) Income statement → statement of owner's equity → balance sheet → statement of cash flows
• B) Statement of owner's equity → balance sheet → income statement → statement of cash flows
• C) Balance sheet → statement of owner's equity → income statement → statement of cash flows
• D) Balance sheet → income statement → statement of owner's equity → statement of cash flows