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Which of these sentences is generally false about accounting financial statements for typical large public firms? a- Balance sheets can omit valuable assets acquired without

Which of these sentences is generally false about accounting financial statements for typical large public firms?

a- Balance sheets can omit valuable assets acquired without measurable cost.
b- Balance sheet values do not necessarily reflect true market values.
c- Revenues and costs shown on the income statement do not necessarily reflect when cash is actually received or paid by the firm.
d- Shareholder's equity on the balance sheet incorporates potential profits from future investment opportunities.

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