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a financial statement that reports assets, liabilities , and owner's equity on a specific date. balance sheet cash flow statement

Question

A financial statement that reports assets, liabilities , and owner's equity on a specific date. balance sheet cash flow statement income statement accounts payable

Solution

Verificación de expertos
3.9 (259 Votos)
Sara Maria Mestre · Tutor por 5 anos

Resposta

The correct answer is balance sheet. A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It lists the company's assets, liabilities, and owner's equity, which are the three key components of a balance sheet. The balance sheet is used to assess the solvency and financial health of a company. It is typically prepared at the end of a reporting period, such as a quarter or a year.