Assets are reported on the:
A)income statement.
B)income statement and balance sheet.
C)statement of owner's equity.
D)balance sheet.

Name: Assets are reported on the: A)income statement. B)income statement and balance sheet. C)statement of owner's equity. D)balance sheet.
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Question

Quizplus · Accepted Answer

Assets are reported on the balance sheet, which provides a snapshot of a company's financial position at a specific point in time, including what it owns (assets) and owes (liabilities).

Assets Are Reported on The