Which of the following financial statements is concerned with the company at a point in time?

A) Statement of financial position
B) Statement of income
C) Statement of changes in equity
D) Statement of cash flows

Financial Position

A snapshot of a company's assets, liabilities, and equity at a specific point in time, illustrating its economic standing.

Statement of Income

A financial document outlining a company's revenues, expenses, and net income over a specific period.

Changes in Equity

Adjustments in the value of a company's shareholders' equity over a period due to investments, distributions, and earnings.