The _____ is also called the statement of financial position.
A)income statement
B)balance sheet
C)statement of retained earnings
D)statement of cash flows

Question

Quizplus · Accepted Answer

The balance sheet is also known as the statement of financial position. It shows the financial position of a company at a specific point in time, including its assets, liabilities, and equity.

The _____ Is Also Called the Statement of Financial Position