Chapter 3, Problem 3.15E

To determine

Balance Sheet

This is a financial statement where the assets, liabilities, and stockholders’ equity are organized and reported as different groups, and sub-groups on the basis of the nature of the classification made by the company at a particular point of time. It reveals the financial health of a company. Thus, this statement is also called as the Statement of Financial Position. It helps the users to know about the creditworthiness of a company as to whether the company has enough assets to pay off its liabilities.

$\boxed{\text{Assets = Liabilities+ shareholders’ equity}}$

Financial Disclosure

Financial disclosure refer to all material, significant and relevant information concerning the reporting organization that are essential to understand the financial statements of the organization in its entirety and help evaluating the performance and the financial health of the said organization. They are either provided on the face of the financial statement or as notes to the financial statements as supporting schedules.

To Match: List A items with list B with most approximate terms and phrases.