Which of the following financial statements includes information about a firm's assets, equity, and liabilities?
A)Income statement
B)Cash flow statement
C)Balance sheet
D)Statement of retained earnings
E)All of the above

Question

Quizplus · Accepted Answer

The balance sheet includes information about a firm's assets, equity, and liabilities. The income statement shows a company's revenues and expenses over a period of time, while the cash flow statement shows the flow of cash in and out of a company during a particular period. The statement of retained earnings shows changes in a company's retained earnings over a period of time.

Which of the Following Financial Statements Includes Information About a Firm's