Which of the following financial statements shows the financial position of a business at a specific date?

A. Balance sheet

B. Income statement

C. Cash flow statement

D. Statement of changes in equity

Answer: Option A

Solution(By Examveda Team)

Balance sheet financial statements shows the financial position of a business at a specific date. The balance sheet, sometimes called the statement of financial position, lists the company's assets, liabilities,and stockholders ' equity (including dollar amounts) as of a specific moment in time. That specific moment is the close of business on the date of the balance sheet.