Which of the Following Lists a Company's Assets,liabilities and Equity

question 8

Multiple Choice

Which of the following lists a company's assets,liabilities and equity to report its financial position?

• A)Balance sheet
• B)Statement of changes in equity
• C)Adjusted trial balance
• D)Income statement

---

Definitions:

Option To Return

A contractual right allowing one party to return a product, asset, or property to the other party under specified conditions.

Risk

The exposure to danger, harm, or loss, whether physical, financial, or emotional, arising from uncertain or unforeseeable events.

Buyer

An individual or entity that makes a purchase or agrees to purchase goods or services.

"On Approval"

A transaction condition allowing a buyer to take merchandise home for a trial period before making a final purchase decision.