Finra Exam Series-7 Topic 5 Question 87 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 87
Topic #: 5

The accounting statement that represents a company's financial position on a particular date is the:

Aincome statement

Bbalance sheet

CProfit and Loss

Dcash flow statement

Show Suggested Answer

Suggested Answer: B

balance sheet. This report reflects the entire condition of the company by showing all assets, liabilities, and components of net worth.

by Christiane at May 13, 2024, 07:44 AM

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