question 21 2.5 pts which financial statement reports an organizations financial position at a single point…

question 21 2.5 pts which financial statement reports an organizations financial position at a single point in time? income statement. trial balance. statement of revenues. cash flow statement. balance sheet.

question 21 2.5 pts which financial statement reports an organizations financial position at a single point in time? income statement. trial balance. statement of revenues. cash flow statement. balance sheet.

Answer

Brief Explanations:

The balance sheet shows assets, liabilities, and equity at a specific moment, presenting an organization's financial position at a single - point in time. Other statements like income statement, statement of revenues, and cash - flow statement cover a period of time. A trial balance is a tool for checking equality of debits and credits, not a statement of financial position at a point in time.

Answer:

E. Balance sheet