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A Financial Statement Either Presents Information Covering a Period of Time

Question 62

Multiple Choice

A financial statement either presents information covering a period of time (for example, a month, a quarter, or a year) or it presents information as of a particular date (for example, December 31, 2019) .
Which of the following financial statements presents information as of a particular date?


A) Balance sheet
B) Income statement
C) Statement of retained earnings
D) Both the balance sheet and the income statement
E) None of the above

Correct Answer:

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