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Matchthedefinitionswiththeproperfinancialstatement: A The Statement of Assets, Liabilities and Owner's Equity B The Statement of Revenues and...


Matchthedefinitionswiththeproperfinancialstatement:
A The Statement of Assets, Liabilities and Owner's Equity
B The Statement of Revenues and Expenses
C The Statement of Sources and Use of Owner's Equity

Income Statement
Balance Sheet
Statement of change in Financial Position
Which two of the above statements reports data for a period of time as opposed to / specific date in time?
Business   Accounting   
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Answer #1

Solution:

MATCHING THE DEFINITIONS:

(A):The Statement of Assets,Liabilities&Owners Equity---Balance Sheet

(B):THe Statement of Revenue&Expenses ---Income Statement

(C):Statement Of Sources&Uses Of Owners Equity --- Statement Of Changes in Financial Position

Statments reports Data for a period-period:

Both The Balance Sheet&Statement Of Changes Financial Position Reports the Financial of a Business.Financial Position Of a business based on these 2 Statements.It Wil lbe prepared by every company. public companies publish their Accounting Statements quarterly and annually.

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