Key factors in preparing a balance sheet is/are deciding
A)whether items meet the definitions for assets and liabilities.
B)whether items meet the recognition criteria for assets and liabilities.
C)how to measure the items.
D)Answers a, b, and c are correct.
E)None of these answer choices is correct.

Question

Quizplus · Accepted Answer

All three factors - deciding whether items meet the definitions for assets and liabilities, whether they meet the recognition criteria, and how to measure them - are crucial in preparing a balance sheet. Therefore, all three choices (a, b, and c) are correct, making answer D the best choice.

Key Factors in Preparing a Balance Sheet Is/are Deciding