A balance sheet:
A. is classified into operating, investing and financing activities.
B. measures the entities financial performance.
C. lists assets, liabilities and equity at a specific point in time.
D. shows how profit was determineD.
Answer:C
A balance sheet:
A. is classified into operating, investing and financing activities. B. measures the entities financial performance. C. lists assets, liabilities and equity at a specific point in time. D. shows how profit was determineD.