Q: Which of the following Statements is Correct? a. The income Statement given us. a picture of the firm's Financial position at a point in time. b. The Four most important Finandal Statements provided in the annual report are the balance sheet, in come statement, Cash budget, and the statement of Stockholders equity. C. The statements of Cash Flows tells us How much Cash the firm must pay out in interest during the year D. The balance Sheet gives us a picture of the firm's financial position at a point in time