What Is the Correct Order for the Balance Sheet

question 154

Multiple Choice

What is the correct order for the balance sheet?

• A) Assets, owners' equity, liabilities
• B) Owners' equity, financial position, assets
• C) Liabilities, owners' equity, assets
• D) Assets, liabilities, owners' equity
• E) Owners' equity, assets, liabilities

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Definitions:

Source

Origin from which something arises or is obtained.

Sink

A basin used for washing and typically connected to a water supply and drainage system.

Xylem

The tissue in plants that transports water and some nutrients from the roots to the leaves.

Bundle Scars

Marks left on the stem of a plant where vascular bundles or leaf traces have broken off or been removed.