Off-Balance-Sheet Activities Are

Multiple Choice

Off-balance-sheet activities are:

A) not shown on the current balance sheet
B) not shown on the balance sheet but after the completion of the financial year are recorded on the balance sheet
C) not shown on the current balance sheet but are an off-balance-sheet asset/liability, if when a contingent event occurs, the activity moves onto the asset/liability side of the balance sheet
D) contingent events which move the asset or liability from the balance sheet to off balance sheet