Question

Which of the following is generally not considered one of the general purpose financial statements issued by a corporation

Which of the following is generally not considered one of the general purpose financial statements issued by a corporation?

a Income statement forecast for the coming year.
b Balance sheet.
c Statement of financial position.
d Statement of cash flows.

Answer 1

a Income statement forecast for the coming year.

Step-by-step explanation:

The general purpose of financial statements issued by any corporation include the following:

a statement of financial position as the year end;

a statement of comprehensive income for the year ended;

a statement of changes in equity for the year end;

a statement of cash flows for the year ended and

notes to the financial statements

Based on the above discussion, the answer is a Income statement forecast for the coming year.