Finra Exam Series-7 Topic 6 Question 79 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 79
Topic #: 6

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 Ernie at Dec 24, 2023, 09:46 PM

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