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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 |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.