The first section of a balance sheet lists:
A)current and intangible assets.
B)current liabilities.
C)claims creditors have against the firm's assets payable within one year.
D)the owner's equity in terms of initial capital invested and retained earnings.

Question

Quizplus · Accepted Answer

The first section of a balance sheet typically lists current and intangible assets, reflecting the resources the company owns that have value and can be converted into cash or are expected to provide future economic benefits.

The First Section of a Balance Sheet Lists