Which Financial Statement Shows the Financial Picture of the Organization

question 16

Multiple Choice

Which financial statement shows the financial picture of the organization on a given day?

• A) Income statement
• B) Statement of financial position/Balance sheet
• C) Statement of retained earnings
• D) Statement of cash flows

---

Definitions:

Bowling Lane

The playing surface in the sport of bowling, which is a long, narrow, flat lane where the ball is thrown to hit the pins at the other end.

Bowling Team

A group of individuals who participate together in the sport of bowling, often competing against other teams in leagues or tournaments.

Figure-Ground

The organization of the visual field into objects (the figures) that stand out from their surroundings (the ground).

Visual Cliff

A laboratory device for testing depth perception in infants and young animals.