Which Statement Is Not True

question 1

Multiple Choice

Which statement is not true?

• A) The balance sheet can be presented in account form or narrative form.
• B) The account form balance sheet lists all the elements in one column.
• C) In Australia the narrative form balance sheet is the most common.
• D) The basic layout for the account form balance sheet is assets = liabilities + equity.

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Definitions:

Government Deficit

A situation where a government's expenditures exceed its revenues.

Loanable Funds

A term in economics that refers to all the money available for borrowing in the financial markets, determined by the level of savings vs. the demand for borrowing.

NPV

Net Present Value; a calculation used to assess the value of an investment, taking into account the present value of its cash inflow and outflow over time.

Interest Rates

The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.