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Basic Question 1 of 10
Which one is the correct format of a balance sheet (in order of occurrence) under U.S. GAAP?
B. Liabilities, stockholders' equity, assets
C. Assets, stockholders' equity, liabilities
A. Assets, liabilities, stockholders' equity
B. Liabilities, stockholders' equity, assets
C. Assets, stockholders' equity, liabilities
User Contributed Comments 4
| User | Comment |
|---|---|
| jainrajeshv | Here in bahrain we are presenting assets, stockholder's equity and liabilities |
| Bududeen | uk gaap also so is IFRS |
| vatsal92 | Assets = Liabilities + St. Equity. |
| Cartagena | think ALE like a bee |
Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh
Learning Outcome Statements
describe how the cash flow statement is linked to the income statement and the balance sheet
CFA® 2024 Level I Curriculum, Volume 2, Module 4.