The ________ does not represent continuing operations in any way but is simply a snapshot of the total worth of a firm at a given point in time.
A)income statement
B)balance sheet
C)source and use of funds statement
D)statement of cash flows
E)none of the above

Question

Quizplus · Accepted Answer

The balance sheet indicates what the firm owns, and how these assets are financed, in the form of liabilities or ownership interest.

The ________ Does Not Represent Continuing Operations in Any Way