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The Statement of Operations O Shows the results of an entity's operational activities for a given period of time O Contains Assets, Liabilities, and Net Assets Shows an entity's account balances at a given point in time None of the given answers are correct QUESTION 12 The accounting equation may be expressed as: Assets = Stockholders' Equity - Liabilities. Assets - Net Assets = Liabilities, Assets + Liabilities - Net Assets. Assets + Net Assets = Liabilities. All of the above None of the ahova