A Balance Sheet reports the financial status of an entity over a period of time.
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
- Which financial statement reports the financial position of a company at a point in time? A: Balance sheet B: Statement of owner’s equity C: Cash flow statement D: Income Statement
- The balance sheet reports:
- A firm's ________ reports the profit or loss for the firm over a specified time period. A: income statement B: balance sheet C: statement of cash flows D: bank statement
- ________________________________ reports changes in the owner's claim on the business's assets over a period of time.