The Most Appropriate Definition of a Balance Sheet Is That

question 43

Multiple Choice

The most appropriate definition of a balance sheet is that it is a statement that shows

• A)a balance between one's goals and resources available to achieve them.
• B)a realistic balance between income and expenses for an upcoming period.
• C)your wealth (net worth)as of a specific date.
• D)how to balance your financial books of account.

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Definitions:

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Unfavourable Attitudes

Negative perceptions or feelings towards a person, group, or concept, which can influence behavior and judgement.

Derogatory Comments

Negative or critical remarks about someone, often insulting or demeaning in nature.

Prejudice

A preconceived opinion that is not based on reason or actual experience; often directed against people or ideas.