Show me the steps to solve Which of the following statement best describe statement of financial position?

a$.$

Statement of financial position are are obligations to repay debt and accrued interest charges.

b$.$

Statement of financial position indicate that the sum of the assets must equal the sum of the liabilities and shareholder$$s equity.

c$.$

Statement of financial position represent everything of value that the business controls.

d$.$

Statement of financial position refers to amount of money paid to finance borrowings.