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which of the following is a TRUE statement about financial statements ? A. The balance sheet summarizes assets over a given period of time. B

which of the following is a TRUE statement about financial statements ? A. The balance sheet summarizes assets over a given period of time. B The income statement provides a snapshot in time of a firm^ prime s financial position. The Statement of cash flows summarizes a firm's revenues and expenses. The The statement of stockholders ' equity shows how much of the firm's earnings were retained , rather than paid out as dividends

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