How balance sheet differs from the income statement, Accounting Basics

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How balance sheet differs from the income statement

Question: The Balance Sheet differs from the Income Statement and the Statement of Cash Flows in which of the following ways? Group of answer choices The Balance Sheet reflects values as of a specific date The Balance Sheet is always expressed in annual terms The Balance Sheet only accounts for non-cash items The Balance Sheet doesn't allow for depreciation

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Accounting Basics: How balance sheet differs from the income statement

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