The last component of the balance sheet is _1__. It is what remains when you __2_all of the liabilities from all of the assets and it indicates the __3_ of a company.
举一反三
- If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:（） A: in an account format. B: as a classified balance sheet. C: as a functional balance sheet.
- There are three Elements in balance sheet, namely assets, liabilities and owner’s equity.
- Which of the following statement related to the three elements in a balance sheet is not true? A: Liabilities= Assets + Owners’ equity B: Assets refer to the resources controlled by the firm C: Liabilities refer to the amounts owed to lenders and other creditors D: Owner’s equity refers to the residual interest in the net assets of an entity that remains after deducting its liabilities
- Which of the following statement related to the three elements in a balance sheet is not true? A: A. Assets refer to the resources controlled by the firm B: B. Liabilities refer to the amounts owed to lenders and other creditors C: C. Owner’s equity refers to the residual interest in the net assets of an entity that remains after deducting its liabilities D: D. Liabilities= Assets + Owners’ equity
- The classification of assets and liabilities as current or long-term depends on （ ）. A: The relative liquidity of the item B: Whether they appear on the balance sheet or the income statement C: Their order of listing in the ledger D: The format of the balance sheet