The __________ presents the assets and liabilities and owners' equity.
A) cash flow statement
B) balance sheet
C) pro forma statement
D) income statement

Question

Quizplus · Accepted Answer

A balance sheet presents the assets and liabilities and owners' equity, while a cash flow statement shows the inflow and outflow of cash, a pro forma statement provides projected financial statements, and an income statement shows revenue and expenses over a specific period of time.

The __________ Presents the Assets and Liabilities and Owners' Equity