A Balance Sheet Is Designed to Show

question 71

Multiple Choice

A balance sheet is designed to show:

• A)How much a business is worth.
• B)The profitability of the business during the current year.
• C)The assets,liabilities,and owners' equity of a business as of a particular date.
• D)The cost of replacing the assets and of paying off the liabilities at December 31.

---

Definitions:

Bear

A large mammal belonging to the Ursidae family, known for its omnivorous diet, thick fur, and powerful physique.

Producer

An organism, usually a plant or bacterium, that can produce its own food through photosynthesis or chemosynthesis, forming the basis of the food chain.

Ecosystem

A group of living beings interacting with the abiotic elements of their surrounding, functioning as a cohesive system.

Biological Community

An assemblage of different species of organisms living together in a particular area, interacting with each other within their environment.