The balance sheet shows ______.A) what the business owns and what the business owesB) only net worthC) current employee salariesD) shareholder deferred revenue

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Skyler Corbett · Accepted Answer

Final Answer : A, Explanation :  The balance sheet shows what the business owns (assets) and what the business owes (liabilities), giving a snapshot of the company's financial position at a specific point in time. It does not show current employee salaries or shareholder deferred revenue, although these may be reflected in the liabilities section of the balance sheet.

The balance sheet shows ______.

A) what the business owns and what the business owes
B) only net worth
C) current employee salaries
D) shareholder deferred revenue

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Learning Objectives

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