Which of the following financial statements lists the entity's assets, liabilities, and owner's equity as of a specific date?
A)balance sheet
B)statement of owner's equity
C)income statement
D)statement of cash flows

Question

Quizplus · Accepted Answer

The balance sheet lists an entity's assets, liabilities, and owner's equity as of a specific date. The statement of owner's equity shows the changes in owner's equity over a period of time, the income statement shows revenues and expenses over a period of time, and the statement of cash flows shows the sources and uses of cash over a period of time.

Which of the Following Financial Statements Lists the Entity's Assets