Which statement shows the financial position of a company at a specific point in time?

The Balance Sheet accurately reflects the financial position of a company at a specific point in time by providing a snapshot of its assets, liabilities, and shareholders' equity. It is structured to balance the equation where total assets equal the sum of liabilities and equity, illustrating what the company owns, what it owes, and the net worth of the business at the given date.

In contrast, the Income Statement details revenue and expenses over a period, revealing profitability rather than the company's position at a single moment. The Statement of Cash Flows focuses on the cash entering and leaving the business over a period, giving insight into liquidity but not showing the position on a specific date. The Statement of Retained Earnings outlines changes in retained earnings over time but does not present a comprehensive view of total assets, liabilities, and equity. Thus, the Balance Sheet is the appropriate document for assessing the financial standing of a company at a specific moment.