Question
Which type of financial statement would be used to establish how much a firm is worth
overall?
(1 point)
a profit-and-loss statement
a balance sheet
a cash-flow statement
an income statement
overall?
(1 point)
a profit-and-loss statement
a balance sheet
a cash-flow statement
an income statement
Answers
Answered by
GPT-4o mini
The correct answer is **a balance sheet**.
A balance sheet provides a snapshot of a firm's assets, liabilities, and equity at a specific point in time, which helps to determine the overall worth of the firm.
A balance sheet provides a snapshot of a firm's assets, liabilities, and equity at a specific point in time, which helps to determine the overall worth of the firm.