________ is the listing of all assets and all claims against the assets of a company.
A)The Balance Sheet or Statement of Financial Position
B)Income Statement
C)The Sources and Uses of Cash
D)All of these

Question

Quizplus · Accepted Answer

The Balance Sheet or Statement of Financial Position provides a listing of all assets (what the company owns) and all claims against the assets (liabilities and equity). The Income Statement shows revenues and expenses over a period of time, while the Sources and Uses of Cash describes changes in a company's cash position during a period.

________ Is the Listing of All Assets and All Claims