Which of the Following Statements About the Narrative Form of a Balance

question 30

Multiple Choice

Which of the following statements about the narrative form of a balance sheet is true?

• A) It resembles a T-shaped ledger account.
• B) All elements of the balance sheet are listed in one column.
• C) In Australia, the narrative form of balance sheet is less common than the account form.
• D) It shows the accounting equation as Assets = Liabilities + Equity.

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Definitions:

Functional Relation

A connection between two variables such that changes in one variable systematically lead to changes in another, often used in the context of behavioral analysis.

Target Behavior

The particular behavior targeted for change through a behavioral intervention or plan.

Label Behavior

The act of categorizing or describing an individual's actions or characteristics based on observable behavior.

Consequences

Circumstances that change the environment shortly after a behavior is displayed and that affect the future performance of the behavior by serving to increase, decrease, or maintain it.