Question

Your annual assessment of your assets, liability, and equity is known as a(n)

A. debt ratio.

B. balance sheet.

C. cash-flow statement.

Answer 1

balance sheet

Step-by-step explanation:

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Answer 2

B. Balance Sheet

Explanation

A Balance Sheet is the portfolio of company's assets, liabilities and equity. It sheds light on the value of assets, liabilities and sources of equity held within the operating boundaries of the business. This assessment allows the investor and the various stakeholders to comprehend the total value of the company and how that value is formed i.e. the company's value's breakup.