Quiz – Which of the following statements is CORRECT?

Fundamentals of Financial Management, Concise, 9e & 10e by Brigham and Houston

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Which of the following statements is CORRECT?
a. The four financial statements found in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.
b. The balance sheet provides a picture of the firm’s financial position at a point in time.
c. The income statement provides a picture of the firm’s financial position at a point in time.
d. The statement of cash flows reveals the amount of cash that the firm must pay out in interest.
e. The statement of cash needs tells us how much cash the firm will require during some future period.

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