Question

multiple select question
select all that apply
which of the following financial statements report(s) the financial position of a business over a period of time?
income statement
statement of cash flows
statement of retained earnings
balance sheet
need help? review these concept resources.
read about the concept

Explanation:

1. Income statement: Reports revenues/expenses over a period, showing profitability over time.
2. Statement of cash flows: Tracks cash inflows/outflows over a specific period, reflecting cash activity over time.
3. Statement of retained earnings: Shows changes in retained earnings over a period, linking income to equity over time.
4. Balance sheet: Only reports financial position at a single point in time, so it is excluded.

Answer:

• Income statement
• Statement of cash flows
• Statement of retained earnings