Question

the three parts of the heading on a balance sheet are ______.
name of business, name of financial statement, date
owner, name of financial statement, date
name of business, owners equity, date
none of the above

Explanation:

A balance sheet's standard heading must first identify the business entity, then state that it is a balance sheet (the specific financial statement), and finally include the date as balance sheets represent a snapshot in time. Owner's equity is a core section within the balance sheet, not part of the heading, and the owner alone does not replace the business name for the heading.

Answer:

name of business, name of financial statement, date