What does the balance sheet show?
A) It shows the share price of the firm during the last year and how much fluctuation there has been in the share price.
B) It shows short- and long-term liquidity ratios,profitability ratios,and activity ratios.
C) It shows a firm's financial condition on a particular date in terms of its assets,liabilities,and owners' equity.
D) It shows investors how much profit the firm made during the last year.
E) It shows a firm's sources and uses of cash.

Question

Quizplus · Accepted Answer

It shows a firm's financial condition on a particular date in terms of its assets,liabilities,and owners' equity.

What Does the Balance Sheet Show