Where would you expect to find the following information: "XYZ Corporation has $746 million in assets and $593 million in liabilities on October 1,2012?"
A) Income statement
B) Balance sheet
C) Internal audit
D) Operations budget
E) Pro forma statement

Question

Quizplus · Accepted Answer

The information provided relates to the financial position of XYZ Corporation, specifically its assets and liabilities as of a certain date. This type of information is typically found on a company's balance sheet.

Where Would You Expect to Find the Following Information: "XYZ