Question

The three parts of a balance sheet heading are _____.

Responses

name of business, name of financial statement, date
name of business, name of financial statement, date

assets, liabilities, owner's equity
assets, liabilities, owner's equity

month, day, year
month, day, year

none of the above

Answer 1

name of business, name of financial statement, date

Explanation: A balance sheet heading includes the company's name, the title "Balance Sheet" (name of the financial statement), and the date (e.g., "As of December 31, 20XX").