Which financial statement includes a specific date in its heading?
A) Statement of retained earnings
B) Statement of cash flows
C) Income statement
D) Balance sheet

Question

Quizplus · Accepted Answer

The balance sheet includes a specific date (as of) in its heading, as it presents the financial position of the company on a specific date. The other financial statements do not include a specific date in their headings, as they present information for a specific period of time.

Which Financial Statement Includes a Specific Date in Its Heading