Which of the Following Are the Three Basic Elements of the Balance

question 15

Multiple Choice

Which of the following are the three basic elements of the balance sheet?

• A)assets,liabilities,and retained earnings.
• B)assets,liabilities,and contributed capital.
• C)assets,liabilities,and revenues.
• D)assets,liabilities,and stockholders' equity.

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Definitions:

Continuing Education

Structured post-secondary learning experiences, often required in various professions to maintain a level of competency.

Clock Hours

The actual hours as shown on a clock, used to measure time in a linear fashion.

Good Grooming

The practice of personal hygiene and cleanliness, along with maintaining an appropriate and neat appearance.

Brush and Floss

Dental hygiene practices that involve brushing teeth to remove plaque and food debris, and flossing to clean between teeth where a toothbrush can't reach.