Final answer:
The financial statement that captures the transaction of Oakbrook rendering services for Beghun Corporation is the income statement, as it records revenue and expenses, affecting the net income.
Step-by-step explanation:
The correct financial statement that would capture the transaction of Oakbrook rendering services for Beghun Corporation on December 31, 2025, would be the income statement. An income statement reflects a company's revenues and expenses for a specific period, showing how revenue is transformed into net income or profit. In this case, the services provided by Oakbrook would be recorded as revenue, and any associated costs would be listed as expenses, impacting the net income of the company. Income statements are typically prepared on an annual basis, but they can also be generated for shorter periods.
On the income statement, the transaction would be recorded under revenues if the services were delivered, even if the cash had not yet been received. The income statement is distinct from the balance sheet, which captures a company's assets, liabilities, and owners' equity at a particular point in time. The cash flow statement, on the other hand, would detail the actual cash receipts and payments for transactions. The statement of retained earnings would show the change in retained earnings over time but would not provide details on specific transactions.