Question

In: Accounting

The second major financial statement prepared.


The second major financial statement prepared. 

A. Income statement B. Balance sheet C. Statement of owner's equity D. Trial balance

Solutions

Expert Solution

There are total four financial statements. Namely,

1) Balance Sheet

2) Income Statement

3) Cash flow Statements

4) Statements of shareholder's equity

So the second major financial statement prepared is income statement

Option A is the correct answer

ekkarill92 answered 2 years ago
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