Assets appear on:

Name: Assets appear on:
Brand: Quizplus
Rating: 4.7 (62 reviews)

Question

Assets appear on:

Quizplus · Accepted Answer

Assets are items of value owned by a company, so they are recorded on the Balance Sheet, which is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. The Income Statement, on the other hand, reports revenue, expenses, and net income over a period of time. The Statement of Retained Earnings reports changes in a company's retained earnings over a period of time. Therefore, the correct answer is A.

Assets Appear On