Assets, liabilities, and owners' equity are the major accounts listed on ______.Multiple choice question.a profit and loss statementan income statementa balance sheeta statement of cash flows

The correct answer is c. a balance sheet.

Step 1: Understand the question. The question is asking which financial statement lists assets, liabilities, and owners' equity.

Step 2: Know what each option represents.

a. A profit and loss statement (also known as an income statement) shows the revenues, costs, and expenses over a period of time.

b. An income statement is another name for a profit and loss statement, so it also shows revenues, costs, and expenses over a period of time.

c. A balance sheet shows a company's assets, liabilities, and owners' equity at a specific point in time.

d. A statement of cash flows shows the inflow and outflow of cash from operating, investing, and financing activities over a period of time.

Step 3: Match the accounts with the correct financial statement. Assets, liabilities, and owners' equity are all listed on a balance sheet. Therefore, the correct answer is c. a balance sheet.