Figure 2
-Figure 2 is Fitter Snacker's ____.
A)Balance Sheet
B)Income Statement
C)Credit Report
D)Document Flow

Question

Figure 2
-Figure 2 is Fitter Snacker's ____.
A)Balance Sheet 
B)Income Statement 
C)Credit Report 
D)Document Flow

Quizplus · Accepted Answer

Figure 2 is a financial statement that shows Fitter Snacker's assets, liabilities, and equity at a specific point in time. This is the definition of a balance sheet. The other choices, such as income statement, credit report, or document flow, would show different types of financial information and are not consistent with the information presented in Figure 2.

Figure 2 -Figure 2 Is Fitter Snacker's ____