Which of the following is (are) correct about a company's balance sheet? a. Displays sources and uses

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Which of the following is (are) correct about a company's balance sheet?

a. Displays sources and uses of cash for the period.

b. Is an expansion of the basic accounting equation: Assets = Liabilities + Owners' Equity.

c. Is sometimes referred to as a statement of financial position.

d. It is unnecessary if both an income statement and statement of cash flows are available.

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Financial Accounting

ISBN: 9780077328702

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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