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A) The balance sheet provides a snapshot of a firmʹs financial position at a given point in time.
B) The balance sheet lists a firmʹs assets and liabilities.
C) The balance sheet reports stockholdersʹ equity on the right-hand side.
D) The balance sheet reports liabilities on the left-hand side.
D) Option D is the right answer
The balance sheet is divided into two sides:
The left side of the balance sheet outlines all of a companies assets and the right side outlines companies liabilities.
Assets are reported in the left-hand side of the balance sheet and liabilities & stockholder equity in right- hand side.
Opton "D" is incorrect.
D) is INCORRECT statement, Because Balance sheet reports Liabilities on Right hand side, D) The balance sheet reports liabilities on the left-hand side.
my answer is A, because the balance sheet gives total information of a firm's financial position
I believe the right answer is d.
D) The balance sheet reports liabilities on the left-hand side
Assets=Liabilities+Equity
Option D is the right answer.
Liabilities and Equity on the left hand side and Assets are on right hand side, so my ans is = Option C
D is incorrect, The balance sheet reports liabilities on the left-hand side.
The balance sheet reports stock holders equity on the right hand side is incorrect (C)
