The Balance Sheet Depicts Which of the Following Equations

question 81

Multiple Choice

The balance sheet depicts which of the following equations?

• A)Net income = revenue − expenses.
• B)Ending retained earnings = beginning retained earnings + net income − dividends.
• C)Assets = liabilities + stockholders' equity.
• D)Net cash flows = total cash inflows − total cash outflows.

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Definitions:

Scapula

Also known as the shoulder blade, it is a large, flat triangular bone located in the upper back, connecting the humerus (upper arm bone) with the clavicle (collarbone).

Humerus

The long bone in the upper arm, extending from the shoulder to the elbow.

Hyoid Bone

A horseshoe-shaped bone in the neck that supports the tongue and is involved in swallowing.

Axial Skeleton

The part of the skeleton that consists of the bones along the axis of the body, including the skull, vertebral column, and rib cage.