Which statement is not true about a balance sheet? a. It provides proof that assets liabilities

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Which statement is not true about a balance sheet?

a. It provides proof that assets  liabilities 

owners’ equity.

b. It lists the current, fixed, and intangible assets.

c. It summarizes the firm’s revenues and expenses during one accounting period.

d. It gives the liabilities of the firm.

e. It shows the owners’ equity in the business.

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Foundations Of Business

ISBN: 9780538744515

2nd Edition

Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor

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