Question

Assets, liabilities, and stockholders' equity are all found within which of the following financial statements?

• A. Balance sheet
• B. Statement of stockholders’ equity.
• C. The investing activities section of the Statement of cash flows.
• D. Income statement.

Answer 1

The correct option is A

Balance sheet

Answer a. Balance sheet

Explanation: In accounting, a balance sheet report is a summary of the monetary balances of an individual or association, regardless of whether it be a business partnership, a sole proprietorship, an enterprise, a private limited company, a private limited company, a government or not-for-profit entity.