> 1. Which of the following presents a snapshot of the resources of and claims on a firm as of a specific date? a. Balance sheet. b. Income statement. c. Statement of cash flows. d. Statement of shareholders' equity. dX O 2. Which of the following financial statements measures and reports results for a period of time rather than as of a specific date? a. Income statement. b. Statement of cash flows. c. Statement of shareholders' equity. d. All of these choices. av x

1. Which of the following presents a snapshot of the resources of and claims on a firm as of a specific date? a. Balance sheet. b. Income statement. c. Statement of cash flows. d. Statement of shareholders' equity. X 2. Which of the following financial statements measures and reports results for a period of time rather than as of a specific date? a. Income statement. b. Statement of cash flows. c. Statement of shareholders' equity. d. All of these choices