Which of the following is true of a company's balance sheet? ______.A.It displays sources
Which of the following is true of a company's balance sheet? ______.
A.It displays sources and uses of cash for the period.
B.It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity.
C.It is a separate representation of the company's revenue and expense transactions for the year.
D.It is unnecessary if both an income statement and a statement of cash flows are available.