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Which of the following financial statements reports that total assets are equal to total liabilities...

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Question

Accounting

Which of the following financial statements reports that total assets are equal to total
liabilities plus total stockholders' equity?
A) Balance sheet
B) Income statement
C) Statement of cash flows
D) Statement of retained earnings
Lush Lawns Corporation earned $1,000 for lawn mowing services rendered. The customer
promised to pay at a later time. Which of the following accounts increased as a result of this
transaction?
A) Cash
B) Accounts Payable
C) Accounts Receivable
D) Supplies
The equity of Autumn Company is $160,000 and the total liabilities are $50,000. The total
assets are
A) $320,000
B) $210,000
C) $100,000
D) $110,000
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