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Engineering Economy

Q1: Pick up the correct statement regarding financial statement analysis from the following.

A Final analysis always involves the use of various financial statements i.e., balance sheet and income statement.

B The balance sheet is the summary of assests, liabilities and owner's equity of business at a point in time.

C The income statement is the summary of revenues and expenses of a firm over a particular period of time.

D All the above

ANS:D - All the above

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