In what order are the following financial statements prepared: (1) balance sheet, (2) income statement, and (3) statement of stockholders' equity?

In what order are the following financial statements prepared: (1) balance sheet, (2) income statement, and (3) statement of stockholders' equity?


A) 1, 2, 3.

B) 3, 2, 1.

C) 1, 3, 2.

D) 2, 3, 1.


 Answer: D


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