Question

which of the following financial statements reports that total assets are equal to total liabilities plus...

which of the following financial statements reports that total assets are equal to total liabilities plus total owner's equity?
a.balance sheet
b.statement of owner's equity
c.statement of cash flowd.income statement
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Answer #1

Financial statements are mainly divided into 4 types:

1) Balance Sheet

2) Income statement

3) Statement of cash flows

4) Statement of changes in shareholder equity

Out of this , it is the Balance sheet that contains all the assets and liabilities of the company till date.

So the answer to the question is option A . Balance sheet is the financial statement that reports total assets are equal to total liabiities + total owners equity.

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