Which financial statements are typically prepared at the end of an accounting period?

The correct answer includes the balance sheet, income statement, and cash flow statement, which are all essential financial statements prepared at the end of an accounting period.

The balance sheet provides a snapshot of a company's financial position at a specific moment in time, detailing assets, liabilities, and equity. This is crucial for understanding the overall health of the business and its ability to meet obligations.

The income statement, also known as the profit and loss statement, outlines the company's revenues and expenses over a period, resulting in net income or loss. This document helps stakeholders assess the company’s operational performance.

The cash flow statement tracks the inflow and outflow of cash within the organization during the accounting period. It highlights how well a company generates cash to fund its operations and pay debts, providing insight into liquidity.

Together, these three statements offer a comprehensive view of a company's financial performance and position, making them fundamental for stakeholders such as investors, creditors, and management when evaluating business health and making informed decisions. Thus, preparing all three of these financial statements is a standard practice at the end of an accounting period.