A figure representing a firm's total assets is listed in its
A) Owner's equity.
B) Income statement.
C) Profitability ratio.
D) Balance sheet.
E) Liquidity ratio.

Question

Quizplus · Accepted Answer

A firm's total assets are listed in its balance sheet. The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and owners' equity.

A Figure Representing a Firm's Total Assets Is Listed in Its