A financial statement providing information that helps users understand a company's financial status,and which lists the types and amounts of assets,liabilities,and equity as of a specific date,is called a(n) :

A) Balance sheet.
B) Income statement.
C) Statement of cash flows.
D) Statement of retained earnings.
E) Financial Status Statement.

Balance Sheet

A financial statement that provides a snapshot of what a company owns (assets), owes (liabilities), and the value of shareholders' equity at a specific point in time.

Financial Status

Financial status refers to the current financial condition of an individual or entity, characterized by factors like liquidity, solvency, and overall financial health.