Which of the following statements is false?
A) A successful business is usually worth the statement of financial position figure for its net assets
B) A statement of financial position shows you how a company has been financed
C) A balance can indicate whether a company has excessive liabilities
D) All of the above statements are false

Question

Quizplus · Accepted Answer

A successful business is often worth more than the net assets shown on the statement of financial position due to intangible assets like brand value, goodwill, and future earning potential.

Which of the Following Statements Is False