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Which statement is true concerning gains and losses? a. The amounts of gains and losses are included in the calculation of the current ratio, in

Which statement is true concerning gains and losses?

a. The amounts of gains and losses are included in the calculation of the current ratio, in the numerator and denominator, respectively.

b. Gains and losses are reported on the balance sheet in the Assets and Liabilities sections, respectively.

c. None of the above.

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