Please note that some of the answer choices, or answers that are very close, are used in different questions. This has caused us no difficulties, but please take this into account when you make up exams. Which of the following statements is CORRECT?

Group of answer choices

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.

The balance sheet gives us a picture of the firms financial position at a point in time.

The income statement gives us a picture of the firms 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 statement of cash flows tells us how much cash the firm will require during some future period, generally a month or a year.