The balance sheet contains information about:

Question

Quizplus · Accepted Answer

The balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. Therefore, the correct choice is C, assets, liabilities, and equity. Choice A is incorrect because expenses are reported on the income statement, not the balance sheet. Choice B is incorrect because revenues are also reported on the income statement, not the balance sheet. Similarly, choice D is incorrect because expenses and revenues are reported on the income statement, while equity is reported on the balance sheet.

The Balance Sheet Contains Information About