All of the following are general-purpose financial statements except

A) balance sheet
B) income statement
C) statement of stockholders' equity
D) cash budget

Question

All of the following are general-purpose financial statements exceptA) balance sheetB) income statementC) statement of stockholders' equityD) cash budget

MARSHA BELCHER · Accepted Answer

Final Answer : D, Explanation :  The cash budget is not considered a general-purpose financial statement. It is a detailed plan that outlines expected cash inflows and outflows for a specific time period, typically a month or a quarter. The purpose of a cash budget is to ensure that a company has enough cash on hand to meet its obligations and to plan for future investments or expansion. The balance sheet, income statement, and statement of stockholders' equity are all examples of general-purpose financial statements that provide information about a company's financial position, performance, and changes in equity over a given period of time.

All of the following are general-purpose financial statements except

A) balance sheet
B) income statement
C) statement of stockholders' equity
D) cash budget

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Learning Objectives

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