Which of the Following Statements Best Describes the Financial Statements

Which of the following statements best describes the financial statements?

A) The balance sheet gives us a picture of the firm's financial position at a point in time.
B) The income statement gives us a picture of the firm's financial position at a point in time.
C) The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits.
D) The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year.