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    Business A Changing World Study Set 1
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    Exam 14: Accounting and Financial Statements
  5. Question
    Discuss Why the Financial Statement Called the "Balance Sheet" Was
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Discuss Why the Financial Statement Called the "Balance Sheet" Was

Question 56

Question 56

Essay

Discuss why the financial statement called the "balance sheet" was given the name and explain the two different formats that this statement can have.

Correct Answer:

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This statement is called a balance sheet...

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