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12 points Which of the following statements is most correct? The balance sheet statement summarizes how much the firm owns as well as owes for

12 points\ Which of the following statements is most correct?\ The balance sheet statement summarizes how much the firm owns as well as owes for a typical operating period.\ The income statement summarizes the net income produced by the corporation at a specified reporting date.\ The cash flow statement summarizes how the corporation generated cash during the operating period.\ None of the above

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2 points Which of the following statements is most correct? The balance sheet statement summarizes how much the firm owns as well as owes for a typical operating period. The income statement summarizes the net income produced by the corporation at a specified reporting date. The cash flow statement summarizes how the corporation generated cash during the operating period. None of the above

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