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snow_tiger [21]
3 years ago
14

The time frame associated with a balance sheet is:

Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer:

The answer is: A) a point in time in the past

Explanation:

A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.

It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.

The basic formula used in a balance sheet is:

                  Assets          =          Liabilities    +     Shareholders´ Equity

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