Multiple Choice
Use the following terms to fill in the correct answers.
An operating statement for an organization lists the 1. __, 2. __ , and 3. __; while the balance sheet presents an organization's 4. __, 5. __, and 6. __.
A) Assets
B) Liabilities
C) Equity/Net Assets
D) Revenues
E) Expenses
F) Surplus or Deficit/Change in Net Assets
Correct Answer:
Verified
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