Which of the Following Financial Statements Reports That Total Assets

question 49

Multiple Choice

Which of the following financial statements reports that total assets are equal to total liabilities plus total stockholders' equity?

• A)Statement of owner's equity
• B)Statement of cash flows
• C)Income statement
• D)Balance sheet

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Operating Activities

Activities related to the core business functions of a company, such as selling goods or services and managing expenses.

Stock Dividend

A payment of additional shares of stock to shareholders instead of cash.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of an entity.