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Which of the following describes the statement of financial position ( balance sheet ) ? Question options: A ) A position statement that shows the

Which of the following describes the statement of financial position (balance sheet)?
Question options:
A)
A position statement that shows the company's economic resources (assets) and claims to those resources (liabilities and owners' equity) at a specific date
B)
An activity statement that shows details and results of a company's profit-related activities for a period of time
C)
An activity statement that shows the company's cash-related activities during a period of time
D)
None of these answer choices describe the statement of financial position (balance sheet).

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