Total assets on a balance sheet prepared on any date must agree with which of the following?
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Total assets on a balance sheet prepared on any date must agree with which of the following?
a. the sum of total liabilities and net income as shown on the income statement
b. the sum of total liabilities and contributed capital
c. the sum of total liabilities and retained earnings
d. the sum of total liabilities and contributed capital and retained earnings LO1
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