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True or False 21) The left side of the balance sheet should represent investments made by the firm and the right side should represent the

True or False

21) The left side of the balance sheet should represent investments made by the firm and the right side should represent the sources of financing.

22) A firm's balance sheet is all about investing and financing and describes nothing about a firm's operations.

23) Decreases in assets and increases in liabilities and equity represent SOURCES of cash.

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