A balance sheet lists:
a. The types and amounts of the revenues and expenses of a business.
b. Only the information about what happened to equity during a time period.
c. The types and amounts of assets, liabilities, and equity of a business as of a specific date.
d. The inflows and outflows of cash during the period.
e. The assets and liabilities of a company but not the owner's equity.
Answer: C
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