ital Assessment: Collecting and Reporting en 3 answered Which of these describes a balance sheet or statement of financial position? (Choose the most correct answer.) out of question Select one: O Reports revenues and expenses for a specific accounting period O Reports the amount and composition of assets and liabilities at a specific accounting period Reports the amount and composition of assets and liabilities at a specified point in time and reports the amount and composition of assets and liabilities at a specific accounting period Reports cash receipts and cash disbursements for a spec accounting period O Reports the amount and composition of assets and liabilities at a specified point in time Previous page Next page