Match Each Term with the Correct Statement Below

Multiple Choice

Match each term with the correct statement below.
-summary of an organization's financial position at a given point in time, showing assets, liabilities, and owner's equity

A) balance sheet
B) assets
C) current assets
D) fixed assets
E) liabilities
F) current liabilities
G) long-term liabilities
H) owners equity
I) income statement
J) liquidity ratios
K) profitability ratios
L) debt ratios