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1. |
Pick up the correct statement regarding financial statement analysis from the following. |
A. | Final analysis always involves the use of various financial statements i.e., balance sheet and income statement. |
B. | The balance sheet is the summary of assests, liabilities and owner's equity of business at a point in time. |
C. | The income statement is the summary of revenues and expenses of a firm over a particular period of time. |
D. | All the above |
Answer» E. | |