A publicly held corporation must publish an annual report that contains the balance sheet, income statement, statement of cash flows, statement of stockholders' equity, and other financial information for analysis.

The following table lists descriptions of the major financial statements and reports that a firm publishes. Identify the correct statement or report for each description.

Description

Statement or Report

Is required by the SEC and includes the audited document that shows the company's financial results for the past year and management's discussion about the future outlook and plans.

Gives details about the company's cash at the beginning of the year and what is left at the end of the year, including some details about where cash was generated and where it was used during the course of the year.

Summarizes a company's assets, liabilities, and stockholders' equity at a specific point in time.

Reconciles $(1)$ the amount of stockholders' equity recorded at the beginning of the reporting period, $(2)$ changes during that period, and $(3)$ the amount of stockholders' equity at the end of the reporting period.

Is divided into two important parts: operating and non$-$operating sections; also known as the profit and loss statement.