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Which one of the following statement is least accurate? Question 9 options: 1) The income statement measures revenues and expenses of a firm over a

Which one of the following statement is least accurate? Question 9 options: 1) The income statement measures revenues and expenses of a firm over a period of time. 2) Shareholders equity is the sum of net fixed assets plus net working capital minus long-term debt. 3) The balance sheet summarizes the firms accounting value at a specific date. 4) the operating cash flow is the firm total profit over a specified period of time.

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