The balance sheet is also known as:the income statement.the statement of comprehensive income.the statement of cash flows.the statement of financial position.

The balance sheet is also known as the statement of financial position.

Here's why:

1. The balance sheet, or statement of financial position, is one of the main financial statements of a company. It presents a company's financial position at a specific point in time.

2. It consists of three main components: assets, liabilities, and equity. Assets are what a company owns, liabilities are what a company owes, and equity represents the ownership interest of the shareholders.

3. The income statement, also known as the profit and loss statement, shows the company's revenues, costs, and expenses over a period of time to calculate net income.

4. The statement of comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

5. The statement of cash flows shows the cash inflows and outflows from operating, investing, and financing activities over a period of time.

So, the balance sheet is also known as the statement of financial position.