What type of statement includes IRA contributions?

The correct response is that IRA contributions are typically included in a Statement of Financial Condition. This type of statement provides a snapshot of an individual's or entity's financial position at a specific point in time. It details the assets, liabilities, and equity, allowing one to assess overall financial health.

Specifically, IRA contributions represent a part of an individual’s assets, which is crucial for understanding their savings and investment strategy. This statement helps determine net worth and is fundamental for financial planning and analysis.

In contrast, the other types of statements serve different purposes. The Cash Flow Statement focuses on the inflows and outflows of cash, showing how cash is generated and spent over a period of time, without providing details on specific savings accounts or investment vehicles. The Income Statement reflects revenue and expenses, capturing profitability over a specific timeframe without including asset contributions like IRAs. A Net Worth Statement is similar but typically emphasizes the difference between assets and liabilities rather than detailing individual contributions to accounts like IRAs.