MC 8 What is the balance sheet?
A. A financial statement that shows an organization’s financial performance
B. A financial statement that shows an organization’s financial position
C. A financial statement that shows an organization’s investments
D. A financial statement that shows an organization’s liabilities
Answer:B
MC 8 What is the balance sheet?
A. A financial statement that shows an organization’s financial performance B. A financial statement that shows an organization’s financial position C. A financial statement that shows an organization’s investments D. A financial statement that shows an organization’s liabilities