Question

What basic financial statements can be found in a corporate annual report? Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows. Balance sheet, auditor's report, and income statement. Earnings statement and statement of retained earnings. Statement of cash flows and 5-year summary of key financial data.

Answer 1

Answer:

The basic financial statements that can be found in a corporate annual report  are : Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows

Explanation:

A corporate annual report is a publication of the Corporate`s results at the end of the Accounting Period.

Annual Reports are used by the Company Stakeholders to make decision on the company`s performance. Company stakeholders include, the customers, the investors, employees, potential investors, the central government, lenders, creditors to mention but a few.

All these stakeholders as a minimum expect to see the Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows.

Answer 2

Answer:

Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows.

Explanation:

The securities and exchange commission (SEC) establishes minimum requirements for the presentation of corporate annual reports (public companies):

1. General description of the corporation and the industries that it operates in.
2. Audited financial statements including income statement, financial position (balance sheet and statement of shareholders' equity), cash flow and footnotes.  
3. Management's discussion and analysis (MD&A) of the corporation's financial condition.
4. Description of the corporation's main business activities including all its segments.
5. List of all the corporation's board of directors and upper management.
6. Dividends paid and stock price (dated Dec. 31).