Which financial statement would you utilize to determine whether a company will be able to pay liabilities which are du
Posted: Sat Aug 07, 2021 6:44 am
Which financial statement would you utilize to determine whether a company will be able to
pay liabilities which are due in 30 days?
A) Income statement.
B) Balance sheet.
C) Statement of stockholders' equity.
D) Statement of cash flows.
Answer: B
Explanation: The balance sheet includes the current assets and current liabilities account
balances.
pay liabilities which are due in 30 days?
A) Income statement.
B) Balance sheet.
C) Statement of stockholders' equity.
D) Statement of cash flows.
Answer: B
Explanation: The balance sheet includes the current assets and current liabilities account
balances.