Which of the following statements regarding financial reports is not correct?
A) A balance sheet contains assets, liabilities, and stockholders' equity information.
B) An income statement shows revenues and expenses.
C) A statement of stockholders' equity reports revenues, net income, and dividends information.
D) A statement of cash flows shows cash inflows and outflows from operating, investing, and financing activities.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.