Match the Term with Its Definition

Multiple Choice

Match the term with its definition.
-A financial report showing a firm's assets, liabilities, and owners' equity at a specific point in time

A) balance sheet
B) debt
C) debt ratio
D) dividends
E) income statement (profit and loss statement)
F) interest expense
G) mortgage
H) operating expenses
I) owners' equity
J) retained earnings
K) total asset turnover