Question: Which financial statement represents the equation: Assets = Liabilities + Equity? a) Income statement b) Balance sheet c) Statement of cash flows d) Statement of changes in equity
Question: Which financial statement represents the equation: Assets = Liabilities + Equity? a) Income statement b) Balance sheet c) Statement of cash flows d) Statement of changes in equity
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 13MCQ
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![Question: Which financial statement represents the equation: Assets = Liabilities + Equity?
a) Income statement
b) Balance sheet
c) Statement of cash flows
d) Statement of changes in equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F782a0318-775f-415d-b3e0-47f009dce30c%2Fe0d39690-1ccf-477c-90ef-e3ffd398d158%2Fv8x1t8_processed.png&w=3840&q=75)
Transcribed Image Text:Question: Which financial statement represents the equation: Assets = Liabilities + Equity?
a) Income statement
b) Balance sheet
c) Statement of cash flows
d) Statement of changes in equity
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