Which of the following is the correct order of preparation o
Which of the following is the correct order of preparation of financial statements?
A) Income statement ↑ statement of retained earnings ↑ balance sheet ↑ statement of cash flows
B) Statement of retained earnings ↑ balance sheet ↑ income statement ↑ statement of cash flows
C) Balance sheet ↑ statement of retained earnings ↑ income statement ↑ statement of cash flows
D) Balance sheet ↑ income statement ↑ statement of retained earnings ↑ statement of cash flows
ANSWER
A
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