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Which of the following is true of the balance sheet of a company? a.Net income or net loss is computed on the balance sheet for

Which of the following is true of the balance sheet of a company?

a.Net income or net loss is computed on the balance sheet for a period of one year.

b.The financial condition of a business at a particular date in time is depicted on the balance sheet.

c.The dollar sign is not used for the amounts shown on the balance sheet.

d.The opening capital on the balance sheet is carried from the statement of owner's equity.

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