what information does a firms balance sheet provide to the viewing pub

QUESTION

what information does a firms balance sheet provide to the viewing public?a. a complete listing of all of a firms cash receipts and cash expenditures for a defined period of timeb. a report of revenuse and expenses for a defined period of timec. a report of investments made and their cost for a sp
Option d) an itemizationof all of a firms assets, liabilities, and equity as of the balance sheet date. is correct Explanation:- A financial statement that summarizes a companys assets, liabilities and shareholders equity at a specific point in time. These three balance sheet segments give

stors an idea as to what the company owns and owes, as well as the amount invested by the shareholders. The balance sheet must follow the following formula: Assets = Liabilities Shareholders Equity

 

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