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Business, 10.02.2020 21:35 tfhdg

Which of the following statements is CORRECT? a. The assets section of a typical company's balance sheet begins with cash, then lists the assets in order in which they will probably be converted to cash, with the longest living assets listed last. b. The balance sheet for a given year is designed to give us an idea of what happened to the firm during that year. c. If a company's statements were prepared in accordance with generally accepted accounting principals (GAAP), the market value of the sock equals the book value of the stock as reported on the balance sheet. d. The balance sheet for a given year tells us how much money the company earned during the year.

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