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In: Finance

Which of the following is true of a balance sheet, but not of an income and...

Which of the following is true of a balance sheet, but not of an income and expense statement?

a. It is a monthly record of money coming in and money going out

b. It is a snapshot of a person’s or business’ equity, or net worth, at any given time

c. It has a top line, a bottom line, and shows the difference as discretionary income

d. It includes items like your salary, wages, rent, utilities, groceries

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