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A balance sheet is a financial statement that: a. reports the cash flows of a firm as of a specified date b. reflects a firm's

A balance sheet is a financial statement that:

a. reports the cash flows of a firm as of a specified date

b. reflects a firm's accounting value on a particular date

c. records the revenues and expenses for a firm over a period of time

d. reflects the market value of a firm as of the statement date

e. reports the net income for a designated period of time based on the Generally Accepted Accounting Principles (GAAP)

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