List the 4 common financial statements. Income Statement/Statement of Earnings or Operations. Statement of Retained Earnings. Balance Sheet. Statement of Cash Flows. Describe the Income Statement. reports how well a business performed its operations over a period of time through profit or loss. (list revenues and expenses and showed … Study with Quizlet and memorize flashcards containing terms like The primary objective of financial accounting is to:, Which of the following is not an external user of accounting information?, The retained earnings is: and more. Accounting 3304 Exam 1. The objective of general-purpose financial reporting is to provide financial information about a reporting entity to each of the following except. a. potential equity investors. b. potential lenders. c. present investors. d. all of these are correct. 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