Question 15 (1 point) All of the following are INCORRECT except: The four key financial statements are the balance sheet, the income statement, the statement of cash flows, and the statement of retained earnings. The income statement gives us a snapshot of what is happening at a point in time. The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits. The balance sheet gives us a picture of the firm's financial situation over a period of time