Question

Scenario E: On which of the following will Mark be working?

A. Balance sheet

B. Assets

C. Liabilities

D. Stockholders' equity

E. Profit and loss statement

Answer 1

Mark will be working on assets, liabilities, and stockholders' equity in a bank's balance sheet.

Step-by-step explanation:

On a bank's balance sheet, Mark will be working on the following:

1. Assets: Assets are something of value that a bank owns. This includes cash held in its vaults, monies held at the Federal Reserve bank, loans made to customers, and bonds.
2. Liabilities: Liabilities are debts or something that a bank owes. This includes deposits made by customers and other debts owed to external parties.
3. Stockholders' equity: Stockholders' equity represents the net worth or capital of the bank, which is calculated by subtracting liabilities from assets.

Mark will not be working on the Profit and Loss Statement or the Balance Sheet, as these are financial statements that summarize the financial performance and position of a business, rather than specific items.