A(n)

Question

shows the total amounts for assets, liabilities, equity, revenues, and expenses.

Answer 1

A(n) balance sheet shows the total amounts for assets, liabilities, and equity at a specific point in time. However, if you are looking for a summary of revenues and expenses along with assets, liabilities, and equity, you may be referring to the financial statement or income statement (which shows revenues and expenses) in conjunction with the balance sheet.

In summary:

• Balance Sheet: Total amounts for assets, liabilities, and equity.
• Income Statement: Total amounts for revenues and expenses.

For a complete view of a company's financial position, both are often used together, along with the cash flow statement.