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1. The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the
Balance Sheet

Income Statement

Statement Of Cash Flows

2.
The financial statement that reports the assets, liabilities, and stockholders’ (owner’s) equity at a specific date is the
Balance Sheet

Income Statement

Statement Of Cash Flows

3.
Under the accrual basis of accounting, revenues are reported in the accounting period when the
Cash Is Received

Service Or Goods Have Been Delivered

4.
Under the accrual basis of accounting, expenses are reported in the accounting period when the
Cash Is Paid

Expense Matches The Revenues Or Is Used Up

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