The more formal name for a balance sheet is: A) statement of net worth B) statement...
The more formal name for a balance sheet is:
A) statement of net worth
B) statement of financial position
C) statement of stockholders' equity
D) statement of financial operations
Homework Answers
Answer: Option ( B) Statement of financial position
The more formal name of balance sheet is Statement of financial position. Balance sheet is possessed of current assets, fixed assets, current liabilities and long term liabilities which indicate the financial position of the company.
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The more formal name for a balance sheet is:
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