Ask Question
BusinessBusiness
30 May, 22:37

The finance balance sheet is:

a. the same as the accounting balance sheet, but it is based on market values.

b. the same as the accounting balance sheet, but it does not have to balance.

c. based on cash rather than accrual accounting.

d. the same as the accounting balance sheet, but it is based on historical values.

+3
Answers (2)
  1. 31 May, 01:44
    0
    a. the same as the accounting balance sheet, but it is based on market values.

    Explanation:

    A balance sheet is a financial statement that is often termed a "snapshot" of the assets, liabilities and owner's equity of a company at a particular moment in time
  2. 31 May, 01:52
    0
    The same as accounting balance sheet, but it is based on market values.

    Explanation:

    A balance sheet is a financial statement that shows the financial status of an organization as of a certain period of time. The statement shows what an organization owns which is known as assets and how much debt the organization owes (liabilities). It also shows the amount that have been invested in the business (equity).

    Liabilities and net worth that is found on the balance sheet represent the organization source of income. Liabilities and net worth are made up of creditors and investors who have once provided cash to the organization in the past. Being a source of income, they enable the organization to continue to stay in business or expand operations to different areas.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The finance balance sheet is: a. the same as the accounting balance sheet, but it is based on market values. b. the same as the accounting ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
750 is what percent of 900
Answers (1)
what would happen in the market for loanable funds if the government were to increase the tax on interest income the demand for loanable funds would shift right the supply of loanable funds would shift right the supply of loanable funds would shift
Answers (2)
Which of the following is most like a short-term collateralized loan? A) Certificate of deposit B) Repurchase agreement C) Savings account D) Commercial paper
Answers (1)
Which financial statement is prepared first? A. statement of owner's equity C. income statement D. none of the above
Answers (2)
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.
Answers (1)
New Questions in Business
Bart has decided to buy some water balloons rather than get an extra milk at lunch. choosing among economic alternatives is referred to as
Answers (1)
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq
Answers (1)
Businesses are most likely to grow during which of the following phases of the business cycle? A. expansion B. contraction C. trough D. recession
Answers (1)
Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.
Answers (2)
Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.
Answers (1)
Home » Business » The finance balance sheet is: a. the same as the accounting balance sheet, but it is based on market values. b. the same as the accounting balance sheet, but it does not have to balance. c. based on cash rather than accrual accounting. d.
Sign Up Forgot Password?