Which of the following is not an element of financial statement A. Liability B. Capital C. Income Statement D. Assets
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Solution 1
The answer is C. Income Statement. This is because the Income Statement is not an element of a financial statement, but rather a type of financial statement itself. On the other hand, Liability, Capital, and Assets are all elements that can be found within various types of financial statements. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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