QUESTION 20 The Balance Sheet shows the financier the o A. Total Assets are usually greater than Total Liabilities and Equity O B. how the assets are used to produce revenue O C. Sources and Uses of Funds Both A. and C. QUESTION 21 The first financial statement a firm produces is the and the second financial statement is the Balance Sheet; Income Statement Income Statement; Statement of Retained Earnings O Balance Sheet; Statement of Cash Flows Income Statement; Balance Sheet