Which of the following are the basic elements of a balance sheet?
A) income, expenses, and outcome
B) operations, sales, and growth
C) assets, liabilities, and stockholders' equity
D) receipts, deductions, and taxes
E) budgets, controls, and corrective actions
C) assets, liabilities, and stockholders' equity
The balance sheet shows the financial picture of a company at a given time. This statement itemizes three elements: assets, liabilities, and stockholders' equity.
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If the subject matter of a proposed contract is destroyed without the knowledge of either party after the making of an offer but before its acceptance, the offer cannot be terminated.
Answer the following statement true (T) or false (F)
Validity is the extent to which differences in observed scale scores reflect true differences among objects on the characteristic being measured, rather than systematic or random errors
Indicate whether the statement is true or false
Reconciliation of cash accounts may be referred to as what type of control?
A. Non-routine. B. Preventive. C. Detective. D. Adjustive.
The four key elements of the definition of leadership used in the text are ______.
A. trait, goal, emergent, expert B. process, influence, group, goal C. values, ethics, process, performance D. capability, competency, skill, relationship