Which of the following statements is CORRECT? Question 2 options:

a) The balance sheet for a given year is designed to give us an idea of what happened to the firm during that year.

b) The balance sheet for a given year tells us how much money the company earned during that year.

c) If a company's statements were prepared in accordance with generally accepted accounting principles (GAAP), the market value of the stock equals the book value of the stock as reported on the balance sheet.

d) The assets section of a typical companys balance sheet begins with cash, then lists the assets in the order in