Which financial statement shows the assets, liabilities and stockholders' equity of the firm on a particular date?
A)Statement of stockholders' equity.
B)Statement of cash flows.
C)Earnings statement.
D)Balance sheet.

Question

Quizplus · Accepted Answer

The balance sheet shows the assets, liabilities, and stockholders' equity of the firm on a particular date, providing a snapshot of the financial position of the company. The statement of stockholders' equity shows the changes in stockholders' equity over a period of time, while the earnings statement shows the revenues, expenses, and net income of the firm over a period of time. The statement of cash flows shows the inflows and outflows of cash within the firm over a period of time.

Which Financial Statement Shows the Assets, Liabilities and Stockholders' Equity