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Which one of the following is true about the financial statements? Income statement includes the purchase of furnitures made by the firm during a year

Which one of the following is true about the financial statements?

Income statement includes the purchase of furnitures made by the firm during a year

Balance sheet may reports the firm's assets and revenue for a given year

Income statement reports all cash and non cash transactions made by the firm during a year

Balance sheet includes all expenses related to the business operations

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