A Calendar Year Reporting Company Preparing Its Annual Financial Statements

question 54

Multiple Choice

A calendar year reporting company preparing its annual financial statements should use the phrase "At December 31,20XX" in the heading of which of the following?

• A)all of the required financial statements it prepares.
• B)the statement of financial position only.
• C)the income statement and statement of financial position,but not the statement of cash flows.
• D)the income statement,but neither the statement of financial position nor the statement of cash flows.