Which of the following financial statements includes information about a firm's assets, equity, and liabilities?

Question

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The statement of financial position, also known as the balance sheet, includes information about a firm's assets, equity, and liabilities. The other statements listed, such as the statement of comprehensive income and cash flow statement, provide information on a firm's income and cash flows, but do not include information about equity and liabilities.

Which of the Following Financial Statements Includes Information About a Firm's