the ________ is an accounting statement that reports the financial condition of a firm at a specific point…

the ________ is an accounting statement that reports the financial condition of a firm at a specific point in time. multiple choice trial balance statement of cash flows balance sheet income statement

the ________ is an accounting statement that reports the financial condition of a firm at a specific point in time. multiple choice trial balance statement of cash flows balance sheet income statement

Answer

Brief Explanations:

A balance - sheet shows a firm's assets, liabilities, and equity at a specific point in time, thus reporting its financial condition. A trial balance is a list of account balances for book - keeping purposes. A statement of cash flows shows cash inflows and outflows over a period. An income statement shows revenues, expenses, and net income over a period.

Answer:

C. balance sheet