A Balance Sheet Shows

question 101

Multiple Choice

A balance sheet shows

• A) revenues, liabilities, and stockholders' equity.
• B) expenses, dividends, and stockholders' equity.
• C) revenues, expenses, and dividends.
• D) assets, liabilities, and stockholders' equity.

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Definitions:

Selector Switch

A switch that allows the user to select among multiple positions or modes, often found on control panels for machinery.

Control Circuit Rung

A section or level within a control circuit diagram, often represented as horizontal lines that show the flow of electrical control signals.

Reversing Motor Starter

A device that allows the control of an electric motor's direction of rotation, enabling it to run both forward and backward.

Contactors

Electromechanical switches used in electrical circuits to control the flow of power to devices, typically operated by an electromagnetic coil.