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Module $5/$ Midterm Exam #$1($Modules $1-5)-$ Summer $2025$

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Which of the following statements are correct $($Select all that apply$)$:

Select one or more:

A$.$ A balance sheet reports on the cumulative effects of investing and financing activities.

B$.$ An income statement reports on financing activities.

C$.$ The statement of equity reports on changes in the accounts that make up equity.

D$.$ The statement of cash flows reports on cash flows from operating, investing, and financi

E$.$ A balance sheet reports on a company's assets and liabilities over a period of time.