The four major financial statements of a corporation consist of the

A) income statement, balance sheet, statement of cash flows, and statement of changes in stockholders' equity
B) balance sheet, statement of cash flows, statement of retained earnings, and income statement
C) income statement, statement of cash flows, and balance sheet
D) statement of cash flows, balance sheet, income statement, and statement of capital equity

Financial Statements

Documents that present an organization's financial activity and condition, including income statement, balance sheet, and cash flow statement.

Income Statement

A financial statement showing the company's revenues and expenses over a specific period, resulting in net profit or loss.

Balance Sheet

A financial statement that provides a snapshot at a certain date, representing a company's assets, liabilities, and shareholders' equity.