a balance sheet reports a businesss financial a. condition over a specific period of time. b. progress over…
a balance sheet reports a businesss financial a. condition over a specific period of time. b. progress over a specific period of time. c. condition on a specific date. d. progress on a specific date.
Answer
Brief Explanations:
A balance - sheet shows a business's financial condition (assets, liabilities, and equity) at a specific point in time, which is a specific date. It is not about progress over a period (that's what income statement shows).
Answer:
C. condition on a specific date