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. The income statement shows the performance of the company over a period of time, the statement of cash flows shows the inflows and outflows of cash during a period of time, the creditor's statement is not a commonly used financial statement, and the dividend statement is not a financial statement.

Which One of the Following Is the Financial Statement That