SIE Exam Question 761: Answer and Explanation

Question: 761

All but which of the following is another name for a balance sheet?

• A. Net worth statement
• B. Statement of assets and liabilities
• C. Statement of cash flows
• D. Statement of financial position

Correct Answer: C

Explanation:

A balance sheet can also be referred to as a net worth statement, statement of assets and liabilities, and statement of financial position.