Question

a ______ is a financial statement that shows assets, liabilities, and owner’s equity on a specific date.
balance sheet
cash flow statement
income statement
none of the above

Explanation:

The described financial statement reports assets, liabilities, and owner's equity at a specific point in time. A cash flow statement tracks cash inflows/outflows over a period, an income statement shows revenues/expenses over a period, while a balance sheet matches the given definition.

Answer:

balance sheet