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A classified balance sheet: Multiple Choice Reports the effect of profit and dividends on retained earnings. Reports operating, investing, and financing activities. Presents revenues, expenses,

A classified balance sheet:

Multiple Choice

Reports the effect of profit and dividends on retained earnings.

Reports operating, investing, and financing activities.

Presents revenues, expenses, and net income.

Measures a company's ability to pay its bills on time.

Organizes assets and liabilities into important subgroups.

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