Match each of the following with the appropriate definitions.

-A financial statement that reports the financial position of the company at a point in time.
A)Statement of cash flows
B)Balance sheet
C)Income statement
D)Statement of changes in shareholders' equity

Question

Match each of the following with the appropriate definitions.

-A financial statement that reports the financial position of the company at a point in time.
A)Statement of cash flows
B)Balance sheet
C)Income statement
D)Statement of changes in shareholders' equity

Quizplus · Accepted Answer

The balance sheet reports a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the financial position of the company.

Match Each of the Following with the Appropriate Definitions