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Q7 Homework – Unanswered Which of the following would show the financial condition of a corporation? Income statement 0 B bal
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Answer #1

7.

Option B is correct

Balance sheet

Balance sheet tells the financial position of a firm at a certain time period, and income statement tells about the financial Profit that the firm generated in a financial year.

8.

Turning an asset into cash quickly and for value

Liquidity is how fast an asset can be converted into cash without loss of it's val

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