Which of the following financial statements reports information as of a specific date?
A) income statement
B) statement of stockholders' equity
C) statement of cash flows
D) balance sheet

Question

Quizplus · Accepted Answer

The balance sheet reports the financial position of a company as of a specific date, typically the end of a reporting period. The other statements (income statement, statement of stockholders' equity, and statement of cash flows) report financial information over a period of time, such as a month or a year.

Which of the Following Financial Statements Reports Information as of a Specific