The Balance Sheet Reports

question 75

Multiple Choice

The balance sheet reports:

• A)assets,liabilities and stockholders' equity.
• B)the changes in retained earnings.
• C)assets,liabilities,revenues and expenses.
• D)revenues and expenses.

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Definitions:

Proposition

A statement or assertion that expresses a judgement or opinion, capable of being true or false.

Predicate Class

A class defined by a property that its members share, which is often specified by a predicate in logic or mathematics.

Universal

Pertaining to all members or elements in a given group or category without exception.

Copula

A word used to link the subject of a sentence with a predicate (a subject complement), such as the verb 'to be' in many contexts.