________________________________ reports changes in the owner's claim on the business's assets over a period of time.
举一反三
- A firm’s ______ reports the book value of all assets, liabilities, and owner’s equity at a given point in time.
- 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
- A Balance Sheet reports the financial status of an entity over a period of time.
- 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
- Items owned by a business that have money value are known as . A: net assets B: assets C: liability D: owner’s capital