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  2. Topic
    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 5: Presentation of Financial Position and the Worksheet
  5. Question
    A Balance Sheet Is a Statement That Shows the Resources
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A Balance Sheet Is a Statement That Shows the Resources

Question 17

Question 17

Multiple Choice

A balance sheet is a statement that shows the resources controlled and the obligations owed by an entity:


A) in the previous financial year.
B) for the financial year.
C) for the accounting period.
D) at a point in time.

Correct Answer:

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