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Remaining Time: 1 hour, 25 minutes, 21 seconds. Question Completion Status: QUESTION 1 What is the purpose of the statement of financial position? O To

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Remaining Time: 1 hour, 25 minutes, 21 seconds. Question Completion Status: QUESTION 1 What is the purpose of the statement of financial position? O To determine the cash inflows and outflows over a period of time To determine the profit earned over a period of time O To list the assets of the business and the claims against the assets at a particular point of time All of the above QUESTION 2

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