Question

The finance balance sheet is

A) the same as the accounting balance sheet, but it is based on market values.
B) the same as the accounting balance sheet, but it does not have to balance.
C) based on cash rather than accrual accounting.
D) net income.

Answer 1

A) the same as the accounting balance sheet, but it is based on market values.

Step-by-step explanation:

The finance balance sheet is same as the accounting balance sheet but it is based on market value.