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It is a snapshot of the financial position of a business at a point in time, listing assets, liabilities and shareholders' equity: Select one: O

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It is a snapshot of the financial position of a business at a point in time, listing assets, liabilities and shareholders' equity: Select one: O a. income statement b. cash flow C. balance sheet O d. statement of shareholder's equity The cash flow statement shows how net income is converted to: Select one: a. cash o b. accounts receivable C. inventory Q d. owner's equity

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