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FALSE TRUE Leverage is created when a company accumulates significant amounts of Cash. A company's Assets (what it owns) must equal the sum of its
FALSE TRUE Leverage is created when a company accumulates significant amounts of Cash. A company's Assets (what it owns) must equal the sum of its Liabilities (what it borrows or owes) and its Equity (what has been contributed or retained). | A Balance Sheet is the financial statement that displays a snapshot of the company financial status at a specific point in time. A Balance Sheet is used to evaluate the growth and profitability of a company. TRUE FALSE
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