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

question 8

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 contributed capital.
• C)Assets,liabilities,and revenues.
• D)Assets,liabilities,and shareholders' equity.

---

Definitions:

Mesophyll

The inner tissue of a leaf, containing most of the chloroplasts where photosynthesis occurs.

Eudicots Leaves

Leaves of eudicot plants, typically characterized by a net-like pattern of veins.

Monocot Leaves

Leaves characterized by parallel venation, usually found in monocotyledonous plants.

Bulb

A rounded underground storage organ present in some plants, consisting of a short stem surrounded by fleshy scale leaves or leaf bases, functioning as a food reserve.