Assets, liabilities and stockholders' equity are reported on the

, while revenue and expense are reported on the

.

BlackTom题目解析

Question

Assets, liabilities and stockholders' equity are reported on the 
 
, while revenue and expense are reported on the 
 
.

BlackTom题目解析

BlackTom AI · Accepted Answer

The statement presents a two-part fill-in-the-blank about where financial elements are reported.
For the first blank, the correct fill is balance sheet, because assets, liabilities, and stockholders' equity are reported on the balance sheet (the financial position or statement of financial position).
If someone selected 空白1 for the first blank, we would need it to evaluate whether that choice equals 'balance sheet'. Since the provided options are 空白1 through 空白4 without content, the only correct alignment is that the first blank must be filled with 'balance sheet'. Choosing 空白2, 空白3, or 空白4 would be incoherent with the fact that the balance sheet, not those alternatives, contains assets, liabilities, and equity.
For the second blank, the correct fill is income statement, because revenues and expenses are reported on the income statement (the profit-and-loss statement).
If you picked 空白2 for the second blank, you would be selecting a term that does not correspond to revenues and expenses, which would be incorrect. Similarly, 空白3 and 空白4 would also be incorrect for this blank since they do not denote the income statement.
In summary, the proper pair is: first blank = balance sheet; second blank = income statement. The other options fail because they would place the given items on an incorrect financial statement, contradicting standard financial reporting conventions.

Assets, liabilities and stockholders' equity are reported on the , while revenue and expense are reported on the . BlackTom题目解析

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