Which of the Following Is Shown on the Balance Sheet

question 197

Multiple Choice

Which of the following is shown on the balance sheet as well as the statement of cash flows?

• A) Owner, Capital (ending balance)
• B) Net income
• C) Total assets (ending balance)
• D) Cash (ending balance)

---

Definitions:

Equivalent Unit

A concept used in cost accounting to represent the amount of work done on incomplete products, expressed in terms of fully completed units.

First Department

A term often used in process costing that refers to the initial stage or department through which materials pass in the production process.

Equivalent Units

A concept in cost accounting used to calculate the number of units of production expressed in terms of fully completed units.

Materials

Raw substances or components used in the manufacturing process to create products.