Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the heading of Carrie’s balance sheet?

A balance sheet shows a person’s financial position at a specific point in time, so its heading should give one date. “Carrie’s Balance Sheet (January 1, 2021)” names a specific date. The other choices give a month or a span of time rather than a single point in time.

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