The statement of financial position is also known as the:
A)balance sheet
B)statement of stockholders' equity.
C)income statement.
D)statement of cash flows.

Question

Quizplus · Accepted Answer

The statement of financial position is another term for the balance sheet, which shows a company's assets, liabilities, and equity at a specific point in time. The other options listed are different financial statements.

The Statement of Financial Position Is Also Known as The