A _____ is a statement of a firm's assets, liabilities, and owners' equity at a given time.
A) balance sheet
B) benchmark
C) profit goal
D) sales forecast

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. It gives a snapshot of a company's financial health and is used by investors to help make decisions about whether or not to invest in a company.

A _____ Is a Statement of a Firm's Assets, Liabilities