Which of the following is a financial statement?
A) Balance Sheet
B) Income Statement
C) Statement of Owner's Equity
D) All of the above

Question

Quizplus · Accepted Answer

All of the options listed are types of financial statements. The balance sheet shows a company's assets, liabilities, and shareholders' equity at a specific point in time. The income statement summarizes a company's revenues and expenses over a period, showing how the revenues are transformed into net income or net profit. The statement of owner's equity shows changes in the equity of a company during a specific period.

Which of the Following Is a Financial Statement