The status of a company's financial position at a particular point in time is best measured by which of the following financial statements?
A) income statement
B) balance sheet
C) cash flow statement
D) statement of shareholders' equity
Answer: B
The status of a company's financial position at a particular point in time is best measured by which of the following financial statements?
A) income statement
B) balance sheet
C) cash flow statement
D) statement of shareholders' equity
Answer: B