3. Cash and Sales would not be found on the same financial statement. A) True,...
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Accounting
3. Cash and Sales would not be found on the same financial statement. A) True, because Cash is an asset and Sales is revenue and therefore reported on the Balance Sheet and Income Statement, respectively. B) False, because when added together the user can determine Owner's Equity. C) True, because there is no need to report the same thing twice. D) False, because Cash and Sales are both revenues and therefore both would be reported on the Income Statement
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