Which of the following would NOT be shown on a firm's "balance sheet"?
A) Liabilities
B) Net worth
C) Assets
D) Net sales
E) All of the above would be on a firm's balance sheet.

Question

Quizplus · Accepted Answer

Net sales are an income statement item and would not be shown on a firm's balance sheet, which only reports a company's assets, liabilities, and net worth at a specific point in time.

Which of the Following Would NOT Be Shown on a Firm's