AO Which of the following statements is most accurate? The balance sheet gives us a picture of the firm's financial position at a point in time. The statement of cash flows tells us how much cash the firm must pay out in interest during the year. The income statement gives us a picture of the firm's financial position at a point in time. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity