The Report That Proves Assets = Liabilities + Owner's Equity

question 84

Multiple Choice

The report that proves Assets = Liabilities + Owner's Equity is the________ .

• A)Trial Balance
• B)Income Statement
• C)Profit & Loss Report
• D)Balance Sheet

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Definitions:

Opportunity

A set of circumstances that makes it possible to achieve something or to advance.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by internal or external desires.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge throughout the organization.

Potent Determinant

A powerful factor or force that decisively affects the nature or outcome of something.