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const2013 [10]
3 years ago
10

The Balance Sheet reports assets, liabilities, and stockholders' equity at a specific date. A : True B : False

Business
1 answer:
marysya [2.9K]3 years ago
7 0

Answer:

A. True

Explanation:

Balance sheet: The assets, liabilities, and equity of stockholders are recorded in the balance sheet. The accounting equation which is shown below is used

In this:

Total assets = Total liabilities + Stockholder equity

The balance sheet debit and credit side should be fair, equal and balanced.  

In addition, it is always prepared on the date specified.

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