The ________ represents a summary statement of a firm's financial ...

[karlynnae]

The ________ represents a summary statement of a firm's financial position at a given point in time.
 
  A) income statement
  B) balance sheet
  C) statement of cash flows
  D) statement of retained earnings

Question 2

A normal yield curve is upward-sloping and indicates generally cheaper short-term borrowing costs than long-term borrowing costs.
 
  Indicate whether the statement is true or false

[underwood14]

Answer to Question 1

B

Answer to Question 2

TRUE