Which of the following is NOT one of the financial statements that must be produced by...

Which of the following is NOT one of the financial statements that must be produced by a public company?

A) the balance sheet

B) the income statement

C) Statement of sources and uses of cash

D) Statement of stockholders' equity

Solutions

Expert Solution

The correct answer choice will be “(C)-Statement of sources and uses of cash”

The main four financial statement of a public company comprises of the (i)-Balance sheet, (ii)-Income statement, (iii)-Statement of cash flows and (iv)-Statement of stockholder's equity.
Therefore, the public company need not to produce the statement of sources and uses of cash.

jeff jeffy answered 1 year ago

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