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The Income Statement Summarizes a Company's Financial Performance ________ and the Balance

Question 48

Multiple Choice

The income statement summarizes a company's financial performance ________ and the balance sheet shows a company's financial position ________.


A) at a point in time; over a period of time
B) at a point in time; at a point in time
C) over a period of time; over a period of time
D) over a period of time; at a point in time

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