directions: questions 23 and 24 refer to the following information.\na balance sheet is a financial…

directions: questions 23 and 24 refer to the following information.\na balance sheet is a financial statement. businesses use it to summarize their financial position at various points in time. a balance sheet has three parts:\n- assets (everything the business has in its possession)\n- liabilities (everything the business owes to someone else)\n- net worth (the difference between total assets and total liabilities)\nthe balance sheet is based on this formula: assets - liabilities = net worth\n23. how does a balance sheet describe the financial position of a business?\na. in terms of its debts\nb. by counting its assets\nc. at certain points in time\nd. for a fiscal year\n24. jin sus restaurant has assets totaling $75,000 and liabilities totaling $53,000. how would jin su find the net worth of the restaurant?\na. add half of the liabilities to the assets.\nb. add the liabilities and the assets.\nc. subtract the assets from the liabilities.\nd. subtract the liabilities from the assets.\ndirections: questions 25 and 26 refer to the following passage.\nafter the civil war, radical republicans were the strongest supporters of civil rights for former slaves. one of their significant successes was the passage of three constitutional amendments guaranteeing basic civil rights. another success was the establishment of the freedmens bureau, an agency that helped former slaves make the transition from slavery to citizenship.\n25. what did the radical republicans support?\na. slavery\nb. civil rights for former slaves\nc. the civil war\nd. the abolition of the democratic party\n26. how did the freedmens bureau help former enslaved persons?\na. by teaching them to read and write\nb. by helping them find work with former slaveholders\nc. by passing constitutional amendments on civil rights\nd. by starting the civil war

directions: questions 23 and 24 refer to the following information.\na balance sheet is a financial statement. businesses use it to summarize their financial position at various points in time. a balance sheet has three parts:\n- assets (everything the business has in its possession)\n- liabilities (everything the business owes to someone else)\n- net worth (the difference between total assets and total liabilities)\nthe balance sheet is based on this formula: assets - liabilities = net worth\n23. how does a balance sheet describe the financial position of a business?\na. in terms of its debts\nb. by counting its assets\nc. at certain points in time\nd. for a fiscal year\n24. jin sus restaurant has assets totaling $75,000 and liabilities totaling $53,000. how would jin su find the net worth of the restaurant?\na. add half of the liabilities to the assets.\nb. add the liabilities and the assets.\nc. subtract the assets from the liabilities.\nd. subtract the liabilities from the assets.\ndirections: questions 25 and 26 refer to the following passage.\nafter the civil war, radical republicans were the strongest supporters of civil rights for former slaves. one of their significant successes was the passage of three constitutional amendments guaranteeing basic civil rights. another success was the establishment of the freedmens bureau, an agency that helped former slaves make the transition from slavery to citizenship.\n25. what did the radical republicans support?\na. slavery\nb. civil rights for former slaves\nc. the civil war\nd. the abolition of the democratic party\n26. how did the freedmens bureau help former enslaved persons?\na. by teaching them to read and write\nb. by helping them find work with former slaveholders\nc. by passing constitutional amendments on civil rights\nd. by starting the civil war

Answer

Question 23

Brief Explanations:

The text states that businesses use a balance - sheet to summarize their financial position at various points in time.

Answer:

C. at certain points in time

Question 24

Explanation:

Step1: Recall the formula

The formula for net worth on a balance sheet is assets - liabilities = net worth.

Step2: Identify the values

Assets of the restaurant are $75,000 and liabilities are $53,000.

Step3: Calculate net worth

To find the net worth, we subtract the liabilities from the assets.

Answer:

D. Subtract the liabilities from the assets.

Question 25

Brief Explanations:

The text mentions that after the Civil War, Radical Republicans were the strongest supporters of civil rights for former slaves.

Answer:

B. civil rights for former slaves

Question 26

Brief Explanations:

The text states that the Freedmen's Bureau helped former slaves make the transition from slavery to citizenship, and one way could be by teaching them to read and write.

Answer:

A. by teaching them to read and write