Question

A complete set of financial statements for John & Co. would include each of the following
except
(1 Point
Statement of projected cash flows
Notes containing additional information that is useful in interpreting the financial statements
Balance sheet
Income statement for the year​

Answer 1

Answer:

Financial statements and reports are prepared from the output of the accounting function produced by the accounting and then communicated to the financial analysts as the users of the financial statements. The function of the financial analyst begins in terms of the termination of the accountant's post to complete a substantial financial function of the entity's functions related to the accounting function and not separate from it. The function of the financial analyst is based on the analysis of the financial statements, which is one of the main tools used in the financial and economic decision-making by the various parties related to the entity such as management, employees, investors, shareholders, lenders, customers, the government and the public in general.