Question

In consumer finance, which of the following are primarily used? A. financial statements B. budgets C. both budgets and financial statements​

Answer 1

Step-by-step explanation:

The most important financial statement for the majority of users is likely to be the income statement, since it reveals the ability of a business to generate a profit. The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.