Which of the Following Describes the Primary Objective of the Balance

Which of the following describes the primary objective of the balance sheet?

A) To measure the net income of a business up to a particular point in time.
B) To report the difference between cash inflows and cash outflows for the period.
C) To report the financial position of the reporting entity at a particular point in time.
D) To report the market value of assets,liabilities,and stockholders' equity at a particular point in time.