Match the different parts of the annual report with the appropriate description. 1. includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows. 2. attests to the fairness of the presentation of the financial statements. 3. includes a summary of significant accounting policies and explanations of specific items on the financial statements. 4. is written by the company to investors understand the results of operations and the financial condition of the company. a. notes to financial statements b. report of independent registered public accounting firm c. management's discussion and analysis of financial condition and results of operations (md& a) d. financial statements

a-3 / b-2 / c-4 / d-1

Explanation:

Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.

The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.

Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations

Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.

are reports prepared by a company's management to present the financial performance and position at a point in time.

Shows money moving in and out, categorized by operations, investing, and finance    -    Cash flow statement

A snapshot of the company's assets, liabilities, and equity at a moment in time  

- Balance Sheet

Shows revenues and expenses over a period of time   -   Income statement

Includes information about retained earnings   -    Statement of owner´s equity

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