The financial statement that summarized a firm's accounting value as part of a particular date is called the:

a. income statement
b. cash flow statement
c. liquidity position
d. balance sheet
e. periodic operating statement

Ans: d. balance sheet

Business

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Indicate whether the statement is true or false

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Goals with a time frame of five or more years into the future are called intermediate-term goals

Indicate whether the statement is true or false.

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