the ____ shows the assets, liabilities, and owners equity of a firm, at a specific point in time. multiple…

the ____ shows the assets, liabilities, and owners equity of a firm, at a specific point in time. multiple choice statement of cash flows balance sheet cost of goods sold income statement

the ____ shows the assets, liabilities, and owners equity of a firm, at a specific point in time. multiple choice statement of cash flows balance sheet cost of goods sold income statement

Answer

Brief Explanations:

The balance sheet is a financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific moment in time. The statement of cash - flows shows cash inflows and outflows, cost of goods sold is an expense on the income statement, and the income statement shows revenues, expenses, and net income over a period of time.

Answer:

B. balance sheet