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Multiple Select Question

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The correct definition of a balance sheet includes which of the following? Note: More than one answer may be correct.

The statement reports the financial position of a company at a point in time.

The statement reports revenues and expenses over a period of time.

The statement explains the changes in equity over a period of time.

The statement reports assets, liabilities and equity at a point in time.

The statement reports the equality of the accounting equation at any point in time.

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