Which of the financial statements provides information about the company's financial position?
A)Income statement
B)Balance sheet
C)Statement of cash flows
D)Statement of retained earnings

Question

Quizplus · Accepted Answer

The balance sheet provides information about the company's financial position, including its assets, liabilities, and equity. The income statement shows the company's revenues and expenses over a period of time, the statement of cash flows shows the company's inflows and outflows of cash during a period of time, and the statement of retained earnings shows changes in the company's retained earnings over a period of time.

Which of the Financial Statements Provides Information About the Company's