Which of the Following Is Not Included in Financial Statements

question 8

Multiple Choice

Which of the following is not included in financial statements?

• A)Statement of financial position
• B)Statement of comprehensive income
• C)Accounting standards and notes from management
• D)Statement of changes in equity

---

Definitions:

Municipal Bonds

Municipal bonds are debt securities issued by states, cities, counties, and other governmental entities to fund day-to-day obligations and to finance capital projects such as building schools, highways, or sewer systems.

Tax Treatment

The way in which a particular financial transaction or investment is taxed by government policy, affecting incentives and behaviors.

Financial Intermediaries

Financial institutions through which savers can indirectly provide funds to borrowers

Financial Institutions

Organizations that provide financial services, including banks, insurance companies, and investment firms.