Question 26 (1 point) Which of the following statements shows the results of operations of an economic entity Oa Ob Statement of changes in equity Statement of Financial Position Statement of Cash Flows Statement of Income Oc Od Question 27 (1 point) What is profit? Ob OC Excess of expenses over income Excess of assets over liabilities excess of liabilities over assets excess of income over expenses Od Question 28 (1 point) Question 29 (1 point) Balance sheet or statement of financial position would present the position of an economic entity Oa Ob OC Od for certain period as on particular date both a &b neither a, norb