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Vsevolod [243]
2 years ago
8

A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equit

y is referred to as a(n) ___________:1. Profit and loss statement2. balance sheet3. expense report4. income statement 5. budget report
Business
1 answer:
Allisa [31]2 years ago
6 0

Answer:

Balance sheet is the correct answer because it tells about the worth of company, its assets, shareholders funds (Equity) and amount borrowed by the company (Liability). Balance sheet is also known as Statement of Financial Position (SOFP)

All the other options tells about the earnings and costs of the company not about the assets and liabilities of the company.

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Prepare a bank reconciliation as of October 31 from the following information:
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Answer:

              Bank Reconciliation Statement as of October 31

Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

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3 0
3 years ago
At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on many
Rus_ich [418]

Answer:

general partnership

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General partnership -

It refers to the condition , where the business is run by two or more individuals , who merges their shares , in order to run the business , it is referred to as a general partnership .

All the partner have equal rights on the profit ,loss , and all the financial decisions and income tax .

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4 0
3 years ago
If the Mayor of Little Rock, Arkansas is also a director of a Little Rock municipal securities dealer, which of the following st
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The Municipal Securities Rulemaking Board (MSRB) requires that when a control relationship exists between a municipal securities dealer and the issuer whose bonds are recommended by that dealer, the nature of the relationship must be DISCLOSED to the customer.

Hence option B is correct.

4 0
3 years ago
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