Question

A company's balance sheet shows its:

A. areas of improvement.

B. projected profit.

C. strengths, weaknesses, and threats.

D. financial picture at a given time.

E. performance over time.

Answer 1

A company's balance sheet shows its financial picture at a given time by listing its assets and liabilities.

Step-by-step explanation:

A company's balance sheet shows its financial picture at a given time. A balance sheet is an accounting tool that lists a company's assets and liabilities. Assets are things of value that the company owns, such as cash, equipment, and property. Liabilities are debts or obligations that the company owes, such as loans and accounts payable. By comparing the assets and liabilities, the balance sheet provides a snapshot of the company's financial health at a specific moment.