An investor wants to find the amount of cash and land that a company has. Where will the investor look?

Question

Quizplus · Accepted Answer

The balance sheet is the financial statement that reports a company's assets, liabilities, and equity at a specific point in time. The amount of cash and land that a company has will be reported under the assets section of the balance sheet. The statement of shareholders' equity reports the changes in a company's equity due to transactions with its owners, while the income statement and statement of cash flows report on the company's financial performance over a period of time.

An Investor Wants to Find the Amount of Cash and Land