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Basic Question 2 of 9
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 |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company's performance and financial position;
CFA® 2024 Level I Curriculum, Volume 2, Module 16.