A statement that shows the financial position of a business as of a certain date is called:

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A balance sheet is a financial statement that shows a business's assets, liabilities, and equity as of a particular date. The balance sheet is used to give investors and creditors an idea of the company's financial position and how well it is managing its resources. Profit and loss statements (choice A) and Schedule C and E (choices B and D) show a different type of financial information, such as revenue and expenses or income and deductions, but do not provide a comprehensive view of a business's financial position at a specific point in time.

A Statement That Shows the Financial Position of a Business