Which of the following statements is CORRECT?

A) The balance sheet for a given year, say 2008, tells us how much money the company earned during that year. B) The balance sheet for a given year, say 2008, is designed to give us an idea of what happened to the firm during that year. C) For most companies, the market value of the stock equals the book value of the stock as reported on the balance sheet. D) A typical industrial company