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sergeinik [125]
3 years ago
7

Which of the following indicates the financial position of a practice at a point in time and shows its assets and liabilities? A

. Income statement B. Net income C. Balance sheet D. Profitability sheet
Business
1 answer:
adell [148]3 years ago
8 0

Answer:

The correct answer would be C, Balance Sheet.

Explanation:

A balance sheet is a document, which contains information about the Assets, Liabilities and owner's Equity of a firm, company or an organization. There is a predetermined format to write a Balance Sheet. There are two sides in this statement. One side contains Assets and Liabilities of the Company, whereas the other side contains the Owner's Equity in a particular point of time. This statement summarizes the financial balances of an individual organization. There are other financial statements of the company as well like Income Statement, cash flow statement, etc, but Balance Sheet is considered most appropriate to have a look at the assets, liabilities and equity of the company at a specific point of time.  

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Answer:

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Explanation:

Sharecroppers were farmers who used to lease lands for the crop of different commodities. In exchange, the landowner used to receive a portion of the crop at the end of every year. This practice was mostly developed in the U.S. south by former slaves.  

During the Reconstruction era (1865-1877) white landowners entered in conflict with freed blacks who were fighting for their total independence after the Civil War (1861-1865).

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vitfil [10]

Answer:

True

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garri49 [273]

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