a financial statement that reports assets, liabilities and owners equity on a * 2 points\nincome…

a financial statement that reports assets, liabilities and owners equity on a * 2 points\nincome statement\nproprietorship\nbalance sheet\ncapital\ntransaction\na business that performs an activity for a fee * 2 points\nequity\nliability\ncapital\nservice business\nasset

a financial statement that reports assets, liabilities and owners equity on a * 2 points\nincome statement\nproprietorship\nbalance sheet\ncapital\ntransaction\na business that performs an activity for a fee * 2 points\nequity\nliability\ncapital\nservice business\nasset

Answer

Brief Explanations:

  1. A balance sheet is a financial statement that shows a company's assets, liabilities, and owner's equity at a specific point in time.
  2. A service business is a type of business that performs an activity for a fee.

Answer:

  1. C. Balance Sheet
  2. D. Service Business