How many of a company's four financial statements report information about the company at a specific point in time?
A)one
B)two
C)three
D)four

Question

Quizplus · Accepted Answer

The balance sheet is the only financial statement that provides information about a company at a specific point in time, typically at the end of the reporting period. The income statement, statement of cash flows, and statement of changes in equity report information over a period of time.

How Many of a Company's Four Financial Statements Report Information