The form of the balance sheet in which assets, liabilities, and owner's equity are presented in a downward sequence is called the report form.

Name: The form of the balance sheet in which assets, liabilities, and owner's equity are presented in a downward sequence is called the report form.
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The report form of a balance sheet presents assets at the top, followed by liabilities and owner's equity below, in a vertical sequence, resembling a report.

The Form of the Balance Sheet in Which Assets, Liabilities