What is NOT considered one of the three main financial statements?

The statement of equity is not considered one of the three main financial statements. The three main financial statements are the balance sheet, the income statement, and the statement of cash flows.

The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time, reflecting its financial position. The income statement summarizes a company’s revenues and expenses over a period, indicating its profitability. The statement of cash flows shows how changes in the balance sheet and income statement affect cash and cash equivalents, detailing cash inflows and outflows across operating, investing, and financing activities.

While the statement of equity is important, particularly for understanding changes in ownership interest and equity financing over time, it is not one of the fundamental statements that provide a comprehensive overview of a company's financial health and performance like the other three do.