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Question

A comparative statement presents side-by-side information about an entity's assets and liabilities as of multiple points in time.

A
income
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B
balance sheet
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C
cashflow
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D
bank
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Solution

The correct option is B balance sheet
A comparative balance sheet presents side-by-side information about an entity's assets, liabilities, and shareholders' equity as of multiple points in time i.e comparing current year and previous balance sheet..

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