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which of the following is a false statement about the balance sheet? A. the balance sheet shows the financial position of the entity on a

which of the following is a false statement about the balance sheet?

A. the balance sheet shows the financial position of the entity on a particular date

B. the information must be presented vertically

C. the balance sheet should show that the accounting equations are in balance.

D. None of the above.

Answer with detailed explanation

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