Stella, a systems manager for a large technology company, would like to get an understanding of her company's financial position with respect to assets and liabilities at the end of the fiscal year. Which financial statement should she refer to?
A) Income statement
B) Activity ratio
C) TQM report
D) Balance sheet
E) Balance scorecard

Question

Quizplus · Accepted Answer

The balance sheet provides an overview of a company's assets and liabilities at a specific point in time, giving Stella the information she needs to understand her company's financial position. The income statement is focused on the company's revenue and expenses over a period of time, and the activity ratio, TQM report, and balance scorecard are not directly related to understanding a company's assets and liabilities.

Stella, a Systems Manager for a Large Technology Company, Would