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Vika [28.1K]
1 year ago
10

which of the following financial statements report(s) the financial position of a business over a period of time? (check all tha

t apply.)
Business
1 answer:
Tomtit [17]1 year ago
8 0

The financial statement that report the financial position of a business over a period of time is the balance sheet.

<h3>What is a balance sheet?</h3>

At the end of each accounting period, a balance sheet—a financial statement—is produced. It computes the financial condition at a particular time by listing all the assets and liabilities. The difference between total assets and total liabilities is known as equity.

The balance sheet of a corporation, commonly referred to as the statement of financial position, provides information on the company's book value. The three sections of the balance sheet consist of the corporation's assets, liabilities, and shareholder's equity as of a specific date.

learn more about balance sheet on:

brainly.com/question/1113933

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which of the following financial statements report(s) the financial position of a business over a period of time? (check all that apply.)

Balance sheet

Profit and loss account

Asset

Debt

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