Which of the following financial statements lists the entity's assets,liabilities,and stockholders' 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

A balance sheet lists the entity's assets, liabilities, and stockholders' equity as of a specific date, while the other financial statements (statement of owner's equity, income statement, and statement of cash flows) cover a period of time rather than a specific date.

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