You are a potential stockholder and are concerned that a particular company you are ready to invest in might have too much debt.Which financial statement would provide you information needed in order to evaluate your concern?
A) Income statement
B) Balance sheet
C) Statement of retained earnings
D) Statement of public accounting

Question

Quizplus · Accepted Answer

The balance sheet provides information on a company's assets, liabilities, and equity. By analyzing the balance sheet, you can determine the amount of debt a company has and evaluate whether it is too high or not.

You Are a Potential Stockholder and Are Concerned That a Particular