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Which of the following statements is NOT true? A. The balance sheet represents a snapshot of account balances as of a specific date. B. The

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Which of the following statements is NOT true? A. The balance sheet represents a snapshot of account balances as of a specific date. B. The balance sheet lists the composition of assets, liabilities, and owners' equity. C. The two sides of the balance sheet must always balance. D. The asset side represents investment decisions; the liabilities and owners' equity side represents financing decisions

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