on the balance sheet, assets are balanced with which of the following? liabilities and shareholders equity…
on the balance sheet, assets are balanced with which of the following? liabilities and shareholders equity operating and financing cash flows retained earnings and dividends
Answer
Brief Explanations:
The fundamental accounting equation is ( Assets = Liabilities + Shareholder's Equity ). This equation forms the basis of the balance sheet. Operating and financing cash flows are related to the cash - flow statement. Retained earnings and dividends are components within the equity section but do not balance assets on their own.
Answer:
liabilities and shareholder's equity