Statements b and c are correct. Question 6 (1 point) The NYSE does not exist as a physical location; rather it represents a loose collection of dealers who trade stock electronically, True False Question 7 (1 point) The income statement: summarizes the firms revenues and expenses over an accounting period. reports how much of the forms earnings were retained in the business rather than paid out in dividends. reports the impact of a firms operating, investing, and financing activities on cash flows over an accounting period. states the firms financial position at a specific point in time