A balance sheet lists
A) the types and amounts of the revenues and expenses of a business
B) only the information about what happened to equity during a specific time period
C) the types and amounts of assets, liabilities, and equity of a business at a specific date
D) the inflows and outflows of cash during a specific time period
E) the assets and liabilities of a business but not the equity

Question

Quizplus · Accepted Answer

A balance sheet lists the types and amounts of assets, liabilities, and equity of a business at a specific date. It does not include information about revenues and expenses, cash flows, or only equity changes during a time period.

A Balance Sheet Lists