Payments from customers before they receive a product or service.

Which of the following statements regarding the balance sheet is INCORRECT?

A) The balance sheet provides a snapshot of a firm's financial position at a given point in time. B) The balance sheet lists a firm's assets and liabilities. C) The balance sheet reports stockholders' equity on the right-hand side. D) The balance sheet reports liabilities on the left-hand side.

As an internal recruiting source, employee referral may be used to give employees a feeling of recognition and importance although over the long run, it may have a negative impact on creating a more diverse workforce

Indicate whether the statement is true or false.