Which of the roi owing statememis is CORRECT earned durtig that year. bsinnce sheet\ The difterence between ithe total sosets renoried an the balance shost and the tocs debe reported on this samtement telis is the totsi current asset. lists the assees in the onder in which they wil probably be corverted to einh with the langest ayed asway listad inst. francial status at a porit in time.

Which of the ro owize statemems is CORRECT The bsince gheet for a g ven peaz teits us how much monury the compary earned durteg that yoar. The curcrin asseis alwavs cousis the current waplitics as reporied on the bsinnce sheet toc: debt reported on thes statement teits us the tocat current asyeth. with the langest gued astels listad lant. francial status at s porif in time