A company's balance sheet shows its
A)areas of improvement.
B)projected profit.
C)strengths, weaknesses, and threats.
D)financial picture at a given time.
E)performance over time.

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that shows a company's financial position at a given time. It includes the company's assets, liabilities, and equity. It gives a snapshot of the company's financial health and can be used to assess its ability to pay off debts and meet financial obligations.

A Company's Balance Sheet Shows Its