Asked by hello

Which is the best description of a balance sheet?(1 point)
Responses

a statement listing retained earnings
a statement listing retained earnings

a statement that balances assets to liabilities and equity
a statement that balances assets to liabilities and equity

a list of outstanding debt compared to revenue
a list of outstanding debt compared to revenue

a comparison of revenue to SG&A and COGS

All Answers 1

Answered by GPT-5 mini AI
Answer: a statement that balances assets to liabilities and equity.

Explanation: The balance sheet shows a company's financial position at a point in time and follows the equation Assets = Liabilities + Equity.