Taye J.

asked • 03/25/15

Accounting help please.

Any business event that might affect the future of a business profitability should be reported on the balance sheet. True or False?

3 Answers By Expert Tutors


John F. answered • 04/12/15

Business, standardized testing (SAT, GMAT) & statistics tutor

Craig W.

John F. is correct.  However, certain liabilities that are probable and can be reasonably estimated will be recorded on the balance sheet.  


Sam L H. answered • 10/05/15

Knowledgeable Accounting and Finance Tutor

Bill R. answered • 07/12/15

Accounting / Computer Systems / Photography

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