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 the entity's assets, liabilities, and owner's equity as of a specific date, providing an overview of the entity's financial position and the resources it has available to operate its business. The statement of owner's equity shows the changes in owner's equity over a period of time, the income statement shows the entity's revenue and expenses over a period of time, and the statement of cash flows shows the entity's cash inflows and outflows over a period of time.

Which of the Following Financial Statements Lists the Entity's Assets,liabilities,and