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11. Which of the following is prepared last? A. Statement of Owner's Equity B. Income Statement C. Balance Sheet D. Trial Balance Accounts receivable decrease

11. Which of the following is prepared last?

Statement of Owner's Equity

Income Statement

Balance Sheet

Trial Balance

Accounts receivable decrease on the credit side of the account.

True

False

The income statement is a financial statement showing the change in owners' equity.

True

False

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