Question

Select the correct answer.

Why does an organization prepare a Balance Sheet?
A.
to reveal what the organization owns and owes at a point in time
B.
to reveal how well the company utilizes its cash
C.
to calculate retained earnings for a given accounting period
D.
to calculate gross profit for a given accounting period

Answer 1

d

Step-by-step explanation:

to calculate gross profit for a given accounting period