Which of the following lists a company's assets,liabilities and equity to report its financial position?
A)Balance sheet
B)Statement of changes in equity
C)Adjusted trial balance
D)Income statement

Question

Quizplus · Accepted Answer

A balance sheet lists a company's assets, liabilities, and equity to report its financial position. The statement of changes in equity shows how equity has changed over a period of time, the adjusted trial balance lists all accounts and their balances after adjusting entries have been made, and the income statement shows a company's revenue, expenses, and net income or loss over a period of time.

Which of the Following Lists a Company's Assets,liabilities and Equity