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Which of the following represents a convenient means of organising and summarising what a firm owns (its assets), what it owes (its liabilities) and the

Which of the following represents a convenient means of organising and summarising what a firm owns (its assets), what it owes (its liabilities) and the difference between the two (the firms equity)? Select one: a. profit and loss account b. statement of changes in equity c. Balance Sheet d. Income Statement

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