Afinancial statement providing information that 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): select one: a. balance sheet. b. income statement. c. statement of cash flows. d. statement of owner's equity. e. financial status statement.

a. Balance sheet.

Explanation:

Balance sheet is a statement showing the net results and balances of each assets, equity and liabilities on a particular date.

This is an important part of financial statements as prepared generally at each year end.

All other statements do not include the balances of assets, liabilities, and equity as on a single date, rather they are prepared for changes in the entire functional period, generally a year.

The correct option is:

a. Balance Sheet

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

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