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    Financial Accounting Study Set 7
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    Exam 1: The Financial Statements
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    Which Financial Statement Is Based on the Accounting Equation
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Which Financial Statement Is Based on the Accounting Equation

Question 100

Question 100

Multiple Choice

Which financial statement is based on the accounting equation?


A) statement of retained earnings
B) income statement
C) cash flow statement
D) balance sheet

Correct Answer:

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