Oscar is an accountant at Furniture Mart. His CFO has requested information regarding the firm's financial standing this fiscal period. Specifically, the CFO needs information regarding the firm's assets, liabilities, and owners' equity. Oscar should submit a(n) ______ to his CFO.
A. statement of cash flows
B. retained earnings statement
C. income statement
D. balance sheet
E. profit-and-loss statement
Answer: D. balance sheet