Busıness Fınance I Deneme Sınavı Sorusu #1181131

Which of the following provides a snapshot of the financial condition of the firm at a particular time?


Balance Sheet

Income Statement 

Statement of cash flows

Working capital 

DuPont Analysis 


Yanıt Açıklaması:

The main objective of a statement of financial position is to disclose fairly what a company owns and means used to get them at a certain date. It can be thought as a selfie of the company at a point in time. Thus, Balance Sheet provides a snapshot of the financial condition of the firm at a particular time. 

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