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19 February, 12:39

Which of the following is generally not considered one of the general purpose financial statements issued by a corporation

Which of the following is generally not considered one of the general purpose financial statements issued by a corporation?

a Income statement forecast for the coming year.

b Balance sheet.

c Statement of financial position.

d Statement of cash flows.

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Answers (1)
  1. 19 February, 12:48
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    a Income statement forecast for the coming year.

    Explanation:

    The general purpose of financial statements issued by any corporation include the following:

    a statement of financial position as the year end;

    a statement of comprehensive income for the year ended;

    a statement of changes in equity for the year end;

    a statement of cash flows for the year ended and

    notes to the financial statements

    Based on the above discussion, the answer is a Income statement forecast for the coming year.
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