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  3. a balance sheet is a financial statement that: a

A balance sheet is a financial statement that: a. reports the cash flows...

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Accounting

A balance sheet is a financial statement that:
a. reports the cash flows of a firm as of a specified date.
b. reflects the firm's accounting value on a particular date.
c. records the revenues and expenses for a firm over a period of time.
d. reflects the market value of a firm as of the statement date.
e. reports the net income for a designated period of time based on the Generally Accepted Accounting Principles (GAAP).

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