A retailer's assets,liabilities,and net worth are portrayed on its _____.
A)balance sheet
B)profit-and-loss statement
C)budget statement
D)sales forecast

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that shows a retailer's assets, liabilities, and equity (which is the same as net worth). The other options (B, C, and D) are not relevant to displaying a retailer's financial position.

A Retailer's Assets,liabilities,and Net Worth Are Portrayed on Its _____