Notes to financial statement are not a component of financial statements. Thus, correct option is c.
Explanation of Solution Statement of owner's investments is not one of the financial statements.
Solution(By Examveda Team) Trial Balance is not a financial statement. Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements.
The correct option is (c) Retained earnings statement.
The basic financial statements of an enterprise include the 1) balance sheet (or statement of financial position), 2) income statement, 3) cash flow statement, and 4) statement of changes in owners' equity or stockholders' equity. The balance sheet provides a snapshot of an entity as of a particular date.Feb 6, 2020
The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.Feb 10, 2021
"Cost of production" is meant the total sum of money required for the production of a specific quantity of output. However, cost of production is not recorded in the financial statements of a company. Was this answer helpful?
Those five types of financial statements include the income statement, statement of financial position, statement of change in equity, cash flow statement, and the Noted (disclosure) to financial statements.