Question

Which one of the following states the value of equity in a company at a certain...

Which one of the following states the value of equity in a company at a certain point in time?

a.

Statement of cash flows
b.

Income statement
c.

Leverage statement
d.

Balance Sheet
e.

None of the above
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Answer #1

Ans- Option D. Balance Sheet

Balance Sheet states the balance or value of Assets, Liabilities & Equities at certain point of time.

- Statements of Cash flows states the flow of cash whether inward or outward in a company during a period of time.

- Income statement is the Income and Expenses statement which shows the income earned or Expenses incurred during the period in a statement.

- Leverage Statement refers to the borrowings procurred by the firm rather the value of equity.

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