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Which financial statement shows tangible assets?Multiple choice question.Statement of retained earningsBalance sheetIncome statement

Question

Which financial statement shows tangible assets?Multiple choice question.Statement of retained earningsBalance sheetIncome statement
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Solution 1

The financial statement that shows tangible assets is the Balance Sheet.

Here's why:

  1. A Balance Sheet is a financial statement that provides a snapshot of what a company owns (assets), what it owes (liabilities), and the shareholders' interest (equity) at a specific point in time.

  2. Tangible Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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