Question $27$

An investor wishes to know more about the financial position of Mabel, Inc. Which of

the following financial statement$($s$)$ will tell the investor about the financial position of

Mabel at a point$-$in$-$time?

I. Income Statement

II$.$ Balance Sheet

III. Statement of Stockholders' Equity

I Only.

II Only.

I and II$.$

l and III.

None of the above.