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16-11-2020
Business

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The financial statement that reports assets liabilities and stockholders Equity as of the last day of the is called:_____.1. Balance Sheet.
2. Income Statement.
3. Statement of Cash Flows.

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hyderali230 hyderali230

17-11-2020

Answer:

1. Balance Sheet.

Explanation:

The balance sheet shows the Assets, Liabilities and stockholders equity at the end of a period.

Balance Sheet shows the financial position of a business. The balance sheet follows the concept of the Accounting equation as follow

Assets = Stockholders equity + Liabilities

Formate of a balance sheet is attached with the answer please find it

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