Which of the Following Statements Lists Everything a Company Owns

question 128

Multiple Choice

Which of the following statements lists everything a company owns and owes at a moment in time? ​

• A)Income Statement
• B)​Balance Sheet
• C)Statement of Cash Flows
• D)All of the above

---

Definitions:

Lump Sum

A one-time payment for the total amount due, rather than breaking the payment into smaller installments.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, usually added to the price of the goods or service.

Indifference Curve

An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility.

Normal Good

A good for which demand increases when income increases and falls when income decreases, all other factors being equal.