The ________ shows the assets, liabilities, and owners' equity of a firm, at a specific point in time.
A: income statement
B: balance sheet
C: statement of cash flows
D: trial balance
A: income statement
B: balance sheet
C: statement of cash flows
D: trial balance
举一反三
- The ( ) is a financial statement that summarizes a hotel’s assets, liabilities and shareholders’ equity at a specific point in time. A: income statement B: balance sheet C: statement of cash flow D: equity statement
- A firm's ________ reports the profit or loss for the firm over a specified time period. A: income statement B: balance sheet C: statement of cash flows D: bank statement
- The CORRECT data flow from one financial statement to the next is: A: statement of retained earnings, income statement, balance sheet, statement of cash flows. B: balance sheet, statement of retained earnings, income statement, statement of cash flows. C: statement of retained earnings, income statement, statement of cash flows, balance sheet. D: income statement, statement of retained earnings, balance sheet, statement of cash flows.
- Which financial statement reports the financial position of a company at a point in time? A: Balance sheet B: Statement of owner’s equity C: Cash flow statement D: Income Statement
- __________ of the profitability of the firm over a period of time such as a year. ( ) A: The income statement is a summary B: The balance sheet is a summary C: The audit report is a summary D: That statement of cash flows is a summary