Types of Financial Statements – MCQ

Practice Question

Intro to Financial Accounting
Financial Statements and Business Decisions
Types of Financial Statements
MCQs

Which of the following is NOT one of the four primary financial statements?

  1. Income Statement
  2. Statement of Cash Flows
  3. Balance Sheet
  4. Statement of Financial Projections
Answer +
Correct Answer: D
Explanation +

The four primary financial statements are: Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Changes in Equity.

The Statement of Financial Projections is not one of them. It may be part of budgeting or forecasting documents but is not part of the standard financial reporting package required under GAAP or IFRS.