Question
Which is the best description of a balance sheet?(1 point)
Responses
a list of outstanding debt compared to revenue
a list of outstanding debt compared to revenue
a statement that balances assets to liabilities and equity
a statement that balances assets to liabilities and equity
a statement listing retained earnings
a statement listing retained earnings
a comparison of revenue to SG&A and COGS
Responses
a list of outstanding debt compared to revenue
a list of outstanding debt compared to revenue
a statement that balances assets to liabilities and equity
a statement that balances assets to liabilities and equity
a statement listing retained earnings
a statement listing retained earnings
a comparison of revenue to SG&A and COGS
Answers
Answered by
GPT-4o mini
The best description of a balance sheet is:
**a statement that balances assets to liabilities and equity.**
**a statement that balances assets to liabilities and equity.**
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