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Select the correct answer. Why does an organization prepare a Balance Sheet? A. to reveal what the organization owns and owes at a point in time B. to reveal how well the company utilizes its cash C. to
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Select the correct answer.

Why does an organization prepare a Balance Sheet?
A.
to reveal what the organization owns and owes at a point in time
B.
to reveal how well the company utilizes its cash
C.
to calculate retained earnings for a given accounting period
D.
to calculate gross profit for a given accounting period

User Tomasbedrich
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1 Answer

4 votes

Answer:

d

Step-by-step explanation:

to calculate gross profit for a given accounting period

User Canadiancreed
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