The financial statement that shows an entity's economic resources and claims against those resources is the balance she

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answerhappygod
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The financial statement that shows an entity's economic resources and claims against those resources is the balance she

Post by answerhappygod »

The financial statement that shows an entity's economic resources and claims against those
resources is the balance sheet.

Answer: TRUE
Explanation: The balance sheet contains assets (economic resources), liabilities (claims against
those resources), and stockholders' equity
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