Question: Which statements ) below is ( are ) true?Select one:a . Point in time elements are those elements shown on the income statement that affect

Which statements) below is (are) true?Select one:a. Point in time elements are those elements shown on the income statement that affect accounts on the balance sheet.b.Period of time elements present the results of events and circumstances.C. The balance sheet is comprised of the cumulative ending balances of period of time elements.d. Both A and B are true.e. Both A and C are true.

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