Stella, a systems manager for a large technology company, would like to get an understanding of her company's financial position with respect to assets and liabilities at the end of the fiscal year. Which of the following should she refer to?
A) Income statement
B) Activity ratio
C) Balanced scorecard
D) Balance sheet
E) None of these

Question

Quizplus · Accepted Answer

The balance sheet provides information about a company's assets and liabilities at a specific point in time, making it the best choice for Stella to refer to if she wants to understand her company's financial position with respect to assets and liabilities at the end of the fiscal year. The income statement shows a company's revenue and expenses over a period of time, while activity ratios and the balanced scorecard are used to evaluate a company's performance in different areas, and do not provide the specific information that Stella is looking for.

Stella, a Systems Manager for a Large Technology Company, Would