_________ Which statement is not true about a balance sheet? a. It provides proof that assets =

Question:

_________ Which statement is not true about a balance sheet?

a. It provides proof that assets = liabilities +

owners’ equity.

b. It lists the current, fi xed, and intangible assets.

c. It summarizes the fi rm’s revenues and expenses during one accounting period.

d. It gives the liabilities of the fi rm.

e. It shows the owners’ equity in the business.

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Related Book For  book-img-for-question

Foundations Of Business

ISBN: 9781111580155

3rd Edition

Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor

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