Which of the following financial statements reports information as of a specific date?
A) income statement
B) retained earnings statement
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 at the end of a period, by presenting its assets, liabilities, and equity. The other financial statements (income statement, retained earnings statement, and statement of cash flows) typically report information over a period of time.

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