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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
    The Balance Sheet Shows the Position of the Entity
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The Balance Sheet Shows the Position of the Entity

Question 38

Question 38

Multiple Choice

The balance sheet shows the position of the entity:


A) at a point in time.
B) when it is insolvent only.
C) when it is making profits.
D) for a specified period of time.

Correct Answer:

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