Asked by Laney Reynolds on Jun 17, 2024

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In what order would the items on the balance sheet appear?

A) Assets,retained earnings,liabilities,and common stock.
B) Common stock,retained earnings,liabilities,and assets.
C) Assets,liabilities,common stock,and retained earnings.
D) Common stock,assets,liabilities,and retained earnings.

Balance Sheet

A report detailing a firm's assets, liabilities, and owners' equity at a certain moment.

Retained Earnings

The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay down debt.

Common Stock

Equity ownership in a corporation, with rights to dividends and voting privileges in corporate matters.

  • Comprehend the categorization of entries in the balance sheet and differentiate between assets, liabilities, and equity.
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Gourav DhimanJun 21, 2024
Final Answer :
C
Explanation :
The standard order for a balance sheet is assets listed first, followed by liabilities, then equity which includes common stock and retained earnings. Therefore, choice C is the correct order.