The relative proportion of economic resources and obligations would be shown by the balance sheet.

Name: The relative proportion of economic resources and obligations would be shown by the balance sheet.
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Question

Quizplus · Accepted Answer

The balance sheet is a financial statement that shows the company's assets, liabilities, and equity at a particular point in time. It provides a snapshot of the company's financial position and indicates the relative proportion of economic resources and obligations. Therefore, the statement is true.

The Relative Proportion of Economic Resources and Obligations Would Be