Which one of the following is the financial statement that shows the accounting value of a firm's equity as of a particular date?
A) Income statement
B) Creditor's statement
C) Balance sheet
D) Statement of cash flows
E) Dividend statement

Question

Quizplus · Accepted Answer

The balance sheet shows the accounting value of a firm's equity as of a particular date, along with its assets and liabilities. The income statement shows the firm's revenues and expenses over a period of time, the statement of cash flows shows the sources and uses of cash during a period of time, and the dividend statement shows the dividends paid to shareholders over a period of time. The creditor's statement is not a recognized financial statement.

Which One of the Following Is the Financial Statement That