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Which of the following statements about the financial statements is correct? The statement of cash flows and income statement are for a period of time
Which of the following statements about the financial statements is correct?
| The statement of cash flows and income statement are for a period of time while the balance sheet is at a point in time. |
| The statement of cash flows and income statement are at a point of time while the balance sheet is for a period of time. |
| None of these statements is correct. |
| The change in cash reported on the statement of cash flows is also reported on the statement of retained earnings. |
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