QUESTION 10 This chapter has a lot of definitions. They are important, but we don't like to make students memorize too many of them early in the course. We let our students use the formula sheet that includes the key definitions. Note that there is an overlap between the T/F and multiple-choice questions, as some of the T/F statements are use choice questions Multiple Choice: True/False The annual report contains four basic financial statements the income statement, the balance sheet, the cash flow state, and the statement of stockholders' equity. True False