A balance sheet reports:（ ）.
A: the assets, liabilities, and owner’s equity on a particular date.
B: the difference between revenues and expenses during the period.
C: the change in the owner’s equity during the period.
D: the cash receipts and cash payments during the period.
A: the assets, liabilities, and owner’s equity on a particular date.
B: the difference between revenues and expenses during the period.
C: the change in the owner’s equity during the period.
D: the cash receipts and cash payments during the period.
举一反三
- The balance sheet reports: A: a.the assets, liabilities, gains, and losses for a period of time B: b.the changes in assets, liabilities, and equity for a period of time C: c.the assets, expenses, and liabilities as of a certain date D: dthe financial condition of an accounting entity as of a particular date
- The statement of cash flows reports: A: Assets, liabilities, and equity. B: Revenues, gains, expenses, and losses. C: Cash inflows and cash outflows for an accounting period. D: Equity, net income, and dividends. E: Changes in equity.
- The statement of cash flows reports: A: Revenues and expenses B: Assets and liabilities C: Cash inflows and cash outflows D: Changes in equity
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- The<br/>beginning Cash account balance is $44,200. During the period, cash<br/>receipts are $98,100. If ending Cash is $32,800, then cash payments<br/>must have been( ). A: $21,100 B: $86,700 C: $109,500 D: $175,100