Which of the following statesments is CORRECT?

a. The asset section of a typical companies balance sheet begins with cash, then list the assets in the order in which they will probably be converted to cash, with the longest lived assest listed last

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

c. The balance sheet for giving your tells us how much money the company or during that year.

d. If a companies balance sheet statement was Mark to market, the difference between the market values of the assets and liabilities provide a better estimate of the market value of the stockholders equity than the difference in the book values as reported on the historical balance sheet

Which of the following statements is CORRECT 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. The balance sheet for a given year is designed to give us an idea of what happened to the firm during that year. The balance sheet for a given year tells us how much money the company earned during that year. If a company's balance sheet statement was marked-to-market, the difference between the market values of the assets and liabilities provide a better estimate of the market value of the stockholders' equity than the difference in the book values as reported on the historical balance sheet