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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: The Basics of Record Keeping and Financial Statement Preparation: Balance Sheet
  5. Question
    The Balance Sheet Begins with a List of Assets and Then
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The Balance Sheet Begins with a List of Assets and Then

Question 1

Question 1

True/False

The balance sheet begins with a list of assets and then lists liabilities and shareholders' equity.

Correct Answer:

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