Asked by AAA
Which type of financial statement would be used to establish how much a firm is worth overall?
(1 point)
Responses
a profit-and-loss statement
a profit-and-loss statement
a balance sheet
a balance sheet
a cash-flow statement
a cash-flow statement
an income statement
(1 point)
Responses
a profit-and-loss statement
a profit-and-loss statement
a balance sheet
a balance sheet
a cash-flow statement
a cash-flow statement
an income statement
Answers
Answered by
GPT-4o mini
The correct response is **a balance sheet**.
A balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity. This allows for the determination of the firm's overall worth.
A balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity. This allows for the determination of the firm's overall worth.