31.A balance sheet shows the fair value of a company at a particular date. financial position of a company at a particular date. results of the company's income-producing activities. cash inflows and outflows of a company for the accounting period.

32.Which of the following elements is not recognized on the balance sheet? Equity Liability Asset Expense

33.All of the following items would appear on the balance sheet except a realized gain on the sale of a equipment an investment in marketable securities an investment in another company's bonds the premium related to a bond liability that is still two years from maturity

34.The residual interest in a company's assets after deducting liabilities is earned capital. net income. equity. noncontrolling interest.