Question: A financial statement providing information that helps users understand a company's financial status, and which lists the types and amounts of assets, liabilities, and equity
A financial statement providing information that helps users understand a company's financial status, and which lists the types and amounts of assets, liabilities, and equity as of a specific date, is called a(n):
a. Balance sheet or statement of financial position.
b. Income statement or statement of comprehensive income.
c. Statement of cash flows.
d. Statement of changes in equity.
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