The balance sheet shows each of the following except the:
A) net income of the business.
B) amount and types of property the business owns.
C) owner's interest.
D) amount owed creditors.

Question

Quizplus · Accepted Answer

The balance sheet is a financial statement that reports the assets, liabilities, and owner's equity of a business. It does not show the net income of the business, which is reported on the income statement.

The Balance Sheet Shows Each of the Following Except The