Knowledge Check 01 Which of the following statements about financial statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The balance sheet takes stock of what exists at a point in time Balance sheet occounts are considered permanent Income statement accounts are considered temporary Items on the income statement will continue to nove o financial impact beyond the end of the current period 3