Which financial document shows a company's financial position at a specific date?

The financial document that shows a company's financial position at a specific date is the balance sheet, which is also referred to as the statement of financial position. This document provides a snapshot of a company's assets, liabilities, and equity at a specific point in time, allowing stakeholders to assess its financial health and stability.

The balance sheet facilitates the evaluation of how resources are funded, either through debt or equity, and reveals the company's ability to meet its short-term and long-term obligations. By examining the balance sheet, investors can determine the liquidity position of the company and its leverage, helping them make informed investment decisions.

While the statement of cash flows, the statement of comprehensive income, and other financial reports offer valuable information regarding a company's performance over a period or its cash management, they do not provide a direct representation of the company's financial condition on a specific date. Therefore, the balance sheet remains critical for understanding a company's position at any point in time.