The balance sheet reports:
a. the assets, liabilities, gains, and losses for a period of time.
b. the changes in assets, liabilities, and equity for a period of time.
c. the assets, expenses, and liabilities as of a certain date.
d. the probable future benefits, probable future sacrifices, and residual interest for a period of time.
e. the financial condition of an accounting entity as of a particular date.
E
You might also like to view...
Why is goodwill important in business?
What will be an ideal response?
The payroll register of Rapid Repairs showed total employee earnings of $1,870 for the week ended April 5, 2019. Compute the employer's payroll taxes for the period. The tax rates are: Social security tax, 6.2 percent; Medicare tax, 1.45 percent; FUTA tax, 0.6 percent; SUTA tax, 2.2 percent. All earnings are taxable. Record the employer's payroll taxes for the period on page 4 of a general journal.
What will be an ideal response?
Joey set up a lawn-mowing business in his neighborhood. He currently has 7 customers that want their lawns mowed each week, for which he charges $25.00 each. Joey spends $10.00 a week in gas and another $17.00 in yard waste bags and stickers. What is Joey's weekly revenue?
A. $88.00 B. $175.00 C. $148.00 D. $158.00 E. $105.00
A datascope or protocol analyzer has
a. less features than a breakout box b. the same features as a breakout box c. more features than a breakout box d. none of the above