Is issued once a year by a corporation and contains basic financial statements and an $q,$ analysis of past performance and future prospects.

Explains the changes in a company's stockholders' equity over the accounting year. $q,$

Provides details about the flow of funds from operating, investing, and financing activities. $q,$

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

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