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Author Question: The income statement for a company is like a budget in that it shows how much money the company ... (Read 72 times)

LaDunn

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Question 1

The two parts of a company's balance sheet: (1) assets and (2) liabilities and shareholder's equity, must be equal or in balance.


◦ true
◦ false

Question 2

The income statement for a company is like a budget in that it shows how much money the company would like to have made in a given accounting period.


◦ true
◦ false


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Marked as best answer by LaDunn on Apr 14, 2019

sierramartinez

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