Which financial statement answers the following question: What is the company's financial position at fiscal year end?
A)statement of cash flows
B)income statement
C)statement of retained earnings
D)balance sheet

Question

Quizplus · Accepted Answer

The balance sheet is a financial statement that provides an overview of a company's assets, liabilities and equity at a specific point in time, usually at the fiscal year end. It shows the company's financial position, including what it owns (assets), what it owes (liabilities), and what is leftover after all liabilities are paid off (equity).

Which Financial Statement Answers the Following Question: What Is the Company's