If the balance sheet lists liabilities and stockholders' equity sequentially under the assets, the format being used is the
A)account form
B)report form
C)working capital form
D)financial position form

Question

Quizplus · Accepted Answer

The report form of a balance sheet lists assets at the top, followed by liabilities and stockholders' equity below, sequentially, which matches the description given.

If the Balance Sheet Lists Liabilities and Stockholders' Equity Sequentially