Answered

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) ___________.

Answer :

Answer:

The correct answer to the following question will be "Balance sheet".

Explanation:

A financial statement detailing the wealth, debts, and assets of a company, termed as a Balance sheet, shows the net worth or annual income of your company.

There are three types of financial reports of a company. The balance sheet is the one from that (the other two was the revenue statement and the statement of retained earnings) used only to assess a company.

Therefore, the Balance sheet is the right answer.

Answer:

Income statement

Explanation:

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