Financial Statements Fall into Three Broad Categories, Which Are

question 108

Multiple Choice

Financial statements fall into three broad categories, which are

• A) debits, credits, and loans.
• B) income statements, balance sheets, and statements of cash flows.
• C) assets, liabilities, and owners' equity.
• D) cash, marketable securities, and goodwill.
• E) budgets, income statements, and profit-and-loss statements.

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