Question: 1. Which of the following are the three basic elements of the balance sheet of a corporation? A. Revenues, Expenses and Retained Earnings. B. Assets,

1. Which of the following are the three basic elements of the balance sheet of a corporation? A. Revenues, Expenses and Retained Earnings. B. Assets, Liabilities and Stockholders' Equity. C. Assets, Liabilities and Common Stock D. Assets, Liabilities and Retained Earnings

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