Question

which statements about the balance sheet are correct? select three choices. health insurance, and rent will be listed in the liabilities column. anna will need to find the total value of her jewelry and bank account. the period of the balance sheet will be one year. anna will add the value of the assets and subtract the value of the liabilities. the items in the table will be listed in four columns.

Answer 1

The balance sheet includes liabilities such as health insurance and rent, as well as assets like jewelry and bank accounts. Anna can calculate her net worth by subtracting the value of her liabilities from the value of her assets.

Step-by-step explanation:

The correct statements about the balance sheet are:

1. Health insurance and rent will be listed in the liabilities column as they are obligations that Anna owes.
2. Anna will need to find the total value of her jewelry and bank account, as these assets should be included on the balance sheet.
3. Anna will add the value of the assets and subtract the value of the liabilities to determine her net worth.