Question

Which of the following is (are) correct about a company's balance sheet
It is unnecessary if both an income statement and statement of cash flows are
available.
Displays sources and uses of cash for the period.
Is an expansion of the basic accounting equation:
Assets = Liabilities + Owners' Equity.
Is sometimes referred to as a statement of financial position
​

Answer 1

Displays sources and uses of cash for the period.

Is an expansion of the basic accounting equation:

Assets = Liabilities + Owners' Equity.

Is sometimes referred to as a statement of financial position

This is called