Arya wants to produce a financial report that shows the amounts the company owes, what it owns, and include her shareholder stake at a particular date in time.She wants to produce a ______.
A)balance sheet
B)cash flow statement
C)entrepreneurs scorecard
D)income statement

Question

Quizplus · Accepted Answer

The balance sheet shows a snapshot of the company's financial position at a particular date in time, including its liabilities (what it owes), assets (what it owns), and shareholder equity (including Arya's stake in the company). The other options do not provide a comprehensive view of the company's financial position at a point in time.

Arya Wants to Produce a Financial Report That Shows the Amounts