Current assets, fixed assets, and liabilities are all part of an organization's
A)capital expenditures budget.
B)balance sheet.
C)income statement.
D)expense budget.
E)cash flow statement.

Question

Quizplus · Accepted Answer

A balance sheet summarizes an organization's overall financial worth, or in other words, its assets and liabilities, at a specific point in time.

Current Assets, Fixed Assets, and Liabilities Are All Part of an Organization's