A statement of financial position showsA) revenues, liabilities, and shareholders' equity.B) expenses, dividends declared, and shareholders' equity.C) revenues, expenses, and dividends declared.D) assets, liabilities, and shareholders' equity.

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oscar lopez morales · Accepted Answer

Final Answer : D, Explanation :  A statement of financial position, commonly referred to as a balance sheet, shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

A statement of financial position shows

A) revenues, liabilities, and shareholders' equity.
B) expenses, dividends declared, and shareholders' equity.
C) revenues, expenses, and dividends declared.
D) assets, liabilities, and shareholders' equity.

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