Which of the following is the correct date format for the financial statement heading?
A)Balance sheet for the year ended June 30,2014
B)Income statement at December 31,2014
C)Balance sheet at December 31,2014
D)Statement of retained earnings at December 31,2014

Question

Quizplus · Accepted Answer

The correct date format for financial statements is month/day/year, so "Balance sheet at December 31, 2014" is the only option that correctly follows this format. Options A and B use "year ended" and "at" interchangeably, which is not consistent. Option D uses "statement of retained earnings," which is not specified in the question stem as a possible format.

Which of the Following Is the Correct Date Format for the Financial