Which of the following statements regarding the balance sheet is NOT c

Which of the following statements regarding the balance sheet is NOT correct?

A) The balance sheet provides a snapshot of the firm’s financial position at a given point in time.
B) The balance sheet lists the firm’s assets, liabilities, and equity.
C) The balance sheet reports liabilities on the left side.
D) The balance sheet reports stockholders’ equity on the right side.

ANSWER

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