Which of the following is not associated with a firm's balance sheet?

Question

Quizplus · Accepted Answer

A firm's balance sheet includes its assets, liabilities, and equity. Income flows are not included in the balance sheet, as they represent a measure of a firm's revenue and expenses over a period of time and are reflected on the income statement. Real assets and financial assets are both types of assets that would be included on a balance sheet, while net worth reflects the difference between assets and liabilities and is also included on the balance sheet.

Which of the Following Is Not Associated with a Firm's