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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 1: Accounting in Business
  5. Question
    The Balance Sheet Is Also Called the Statement of Financial
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The Balance Sheet Is Also Called the Statement of Financial

Question 52

Question 52

True/False

The balance sheet is also called the statement of financial position because it shows the financial position of the business on a particular date.

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