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Match the description with the best matching term. Lists the net income (or net profit) for the firm 1. income statement Prepared for a period

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Match the description with the best matching term. Lists the net income (or net profit) for the firm 1. income statement Prepared for a period of time such as Jan 1 - Dec 31. 2. balance sheet Identifies how much debt the firm has 3. net worth (or equity) 4. assets This represents the monetary value of the firm 5. Statement of Consolidated Profits and Assets Inventory and equipment are examples

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