This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following best describes why the left and right sides of a balance sheet are equal? (Read 97 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jul 9, 2019
Which of the following best describes why the left and right sides of a balance sheet are equal?
◦ By accounting convention, the assets of a company must be equal to the liabilities of that company.
◦ By definition, the assets plus the liabilities will be the same as the stockholders' equity.
◦ In a properly run business, the value of liabilities will not exceed the assets held by the company.
◦ The assets must equal liabilities plus stockholders' equity, because stockholders' equity is the difference between the assets and the liabilities.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by serike on Jul 9, 2019

joshraies

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


serike

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jul 9, 2019
Thank you!


joshraies

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Jul 9, 2019
Always glad to help...


« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
The b sheet, another common secondary structure in proteins The b sheet, another common secondary structure in proteins
Quadrants of left breast and axillary tail of spence Quadrants of left breast and axillary tail of spence
In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The
Senator Joe McCarthy and his aide Roy Cohn (left) listen to testimony at the Army-McCarthy hearings ... Senator Joe McCarthy and his aide Roy Cohn (left) listen to testimony at the Army-McCarthy hearings ...
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library