Which statement is not true about a balance sheet? a. It provides proof that assets liabilities
Question:
Which statement is not true about a balance sheet?
a. It provides proof that assets liabilities
owners’ equity.
b. It lists the current, fixed, and intangible assets.
c. It summarizes the firm’s revenues and expenses during one accounting period.
d. It gives the liabilities of the firm.
e. It shows the owners’ equity in the business.
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Related Book For
Foundations Of Business
ISBN: 9780538744515
2nd Edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
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