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Which statement does not report financial data over a period of time?

-Income Statement

-Statement of Stockholders' Equity

-Balance Sheet

-Statement of Cash Flows

1 Answer

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Final answer:

The Balance Sheet does not report financial data over a period of time.

Step-by-step explanation:

The statement that does not report financial data over a period of time is the Balance Sheet.

An Income Statement, also known as a Profit and Loss Statement, shows the revenues, expenses, and net income or loss of a company over a specific period. The Statement of Stockholders' Equity reports the changes in the shareholders' equity over time, including dividends and additional investments. The Statement of Cash Flows shows the inflows and outflows of cash and cash equivalents over a specific period.

On the other hand, a Balance Sheet provides a snapshot of a company's financial position at a specific date, listing its assets, liabilities, and shareholders' equity. It does not report financial data over a period of time.

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