Which of the following is not one of the three main financial statements?

• A. Statement of Comprehensive Income
• B. Balance Sheet
• C. Income Statement
• D. Cash Flow Statement

Answer: (A)

You're being asked to identify which report isn’t among the three main financial statements. The three primary statements are the income statement, the balance sheet, and the cash flow statement. The income statement shows revenues and expenses to reveal net income over a period; the balance sheet presents assets, liabilities, and shareholders’ equity at a point in time; the cash flow statement traces cash in and out through operating, investing, and financing activities. The statement of comprehensive income, while important for showing items excluded from net income (like certain foreign currency adjustments or unrealized gains and losses), is not one of the core three. It’s an additional report that complements the main statements, which is why it’s the correct answer.