Which of the following financial statements lists the entity's assets,liabilities and owners' equity as at a specific date?

Question

Quizplus · Accepted Answer

A balance sheet lists the entity's assets, liabilities, and owners' equity as at a specific date, while a cash flow statement shows changes in cash and cash equivalents over a period of time, an income statement shows the entity's revenues, expenses, and net income or loss over a period of time, and a statement of changes in equity details the changes in owners' equity over a period of time.

Which of the Following Financial Statements Lists the Entity's Assets,liabilities