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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe how the cash flow statement is linked to the income statement and the balance sheet
CFA® 2025 Level I Curriculum, Volume 2, Module 4.