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Which of the following financial statements shows a company’s financial position on a particular date? a. Income statement b. Statement of changes in retained earnings c. Statement of cash flows d. Balance
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Which of the following financial statements shows a company’s financial position on a particular date? a. Income statement b. Statement of changes in retained earnings c. Statement of cash flows d. Balance sheet

User Vololodymyr
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Answer: D

Explanation: Another name for Statement of Financial Performance is a Balance Sheet and it shows the Financial Position of firms as at a particular date and with the appropriate currency.

User BAP
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