Question 10 8 pts Which of the following statements is correct? The balance sheet for a given year is designed to give us an idea of what happened to the firm during that year. The market value of the stock equals the book value of the stock as reported on the balance sheet. The difference between the total assets reported on the balance sheet and the liabilities reported on this statement tells us the current market value of the stockholders' equity. The balance sheet for a given year tells us how much money the company earned during that year. The assets section of a typical company's balance sheet begins with cash, then lists the assets in the order in which they will probably be converted to cash, with the longest lived assets listed last