Which of the following financial statements reports that total assets are equal to total liabilities plus total stockholders' equity?

Question

Quizplus · Accepted Answer

The balance sheet is the financial statement that reports the equation of total assets being equal to total liabilities plus total stockholders' equity. The statement of retained earnings reports changes in retained earnings, the income statement reports revenues, expenses, and net income, and the statement of cash flows reports cash inflows and outflows.

Which of the Following Financial Statements Reports That Total Assets