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

question 135

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 common stock.
• C) assets, liabilities, and revenues.
• D) assets, liabilities, and stockholders' equity.

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Definitions:

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Interview

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Communication Method

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