Which of the following is a financial statement that reports the types and the monetary amounts of a business' assets, liabilities, and owner's equity on a specific date?
A) Cash flows statement
B) Income statement
C) Balance sheet
D) Statement of changes in owner's equity

Question

Quizplus · Accepted Answer

The balance sheet is an accounting report that summarises a business' financial position, i.e. assets - liabilities = equity, on a given date

Which of the Following Is a Financial Statement That Reports