If you wanted to see how much Mega Computer owed your company, where would be the best place to look?
A) Income statement
B) Balance sheet
C) Cash flow statement
D) Budget
E) Net income statement

Question

Quizplus · Accepted Answer

The balance sheet provides a snapshot of a company's financial position, including its assets, liabilities, and equity. This would show how much Mega Computer owes to your company in terms of accounts receivable or any outstanding debts. The other financial statements listed do not directly show the amount owed to your company.

If You Wanted to See How Much Mega Computer Owed