Midterm 2020 Sed Merle 22 Which of the following correctly describes the various financial statements? Multiple Choice points 2007 An income statement covers a period of time The cash flow statement is a financial statement at a specific point in time The balance sheet is a fnancial statement that covers a period of time The statement of stockholders'equiry is a francial statement at a specific pointtine 22 of 48 Ng > MacBook Pro Chege Study