All These Statements About the Balance Sheet Are True,except

question 58

Multiple Choice

All these statements about the balance sheet are true,except

• A)assets are listed in order of liquidity.
• B)it shows the cash received and cash paid for the period.
• C)it it reflects the accounting equation.
• D)the total of the assets must equal the total of the liabilities plus equity.

---

Definitions:

Color

A property of light as seen by people, typically categorized by names like red, blue, or green.

Lines

Refers to the physical or conceptual boundaries and strokes used in art, diagrams, or layouts to separate or connect elements.

Position

A stance or viewpoint on a specific topic, or the role that someone occupies within an organization or field.

Italics

A font style in which letters are slanted to the right, commonly used for emphasis, foreign words, titles, or to distinguish a particular word or phrase.