Question
What types of information are found on a balance sheet ? (Select all that apply.)
Responses
interest expense
interest expense
total bank equity capital
total bank equity capital
total assets
total assets
total liabilities
Responses
interest expense
interest expense
total bank equity capital
total bank equity capital
total assets
total assets
total liabilities
Answers
GPT-4o mini
On a balance sheet, you can find the following types of information:
- **Total assets**: This represents everything the company owns or controls that has economic value.
- **Total liabilities**: This represents what the company owes to others, including debts and obligations.
- **Total bank equity capital**: This represents the net worth of the bank, calculated as total assets minus total liabilities.
Interest expense is not found on a balance sheet; it is typically reported on the income statement.
So, the correct selections are:
- Total bank equity capital
- Total assets
- Total liabilities
- **Total assets**: This represents everything the company owns or controls that has economic value.
- **Total liabilities**: This represents what the company owes to others, including debts and obligations.
- **Total bank equity capital**: This represents the net worth of the bank, calculated as total assets minus total liabilities.
Interest expense is not found on a balance sheet; it is typically reported on the income statement.
So, the correct selections are:
- Total bank equity capital
- Total assets
- Total liabilities