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which statement is correct? 1. Assets and liabilities are reported on the balance sheet. 2. Dividends and net income are reported on the balance sheet.

which statement is correct?

1. Assets and liabilities are reported on the balance sheet. 2. Dividends and net income are reported on the balance sheet.

3. revenue and expenses are reported on the statement of cash flows.

4. Gross profit is reported on the statement of retained earnings.

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