Transaction Analysis and the Accounting Equation Have Been Used to Record

question 47

Multiple Choice

Transaction analysis and the accounting equation have been used to record several transactions for a company.The transactions are now recorded on a multi-column spreadsheet.When preparing a balance sheet with this spreadsheet,which column(s) would be used?

• A)final balances of asset columns only
• B)final balances of liability columns only
• C)final balances of stockholders' equity columns only
• D)all of the above

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