Question

Martha has been running a small business for two years. She now seeks additional investment to finance her business. She has found potential investors who want to check how much Martha's business owns and owes others. Which financial statement should Martha provide to her investors? A. cash flow statement B. balance sheet C. trial balance D. journal

Answer 1

Answer:

The correct option is B) Balance Sheet

Explanation:

A Balance Sheet offers a description of a company's obligations, assets, and investments as well as net income over a given span of time such as a period of 6 months or 12 months, for instance.

Also known as the Statement of Financial Position, it contains sufficient information for investors and business owners to determine the company's financial performance in that period as well as to compare the performance of that company with industry norms or competition.

Cheers