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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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M1 Quiz

M1 Quiz

Q 1. The balance sheet communicates 2. The income statement communicates 3. All of the following might be found in the auditor's report except: 4. If the beginning and ending balances in retained earnings are $15,000 and $10,000, respectively, and dividends during the year are $8,000, then net income for the year is: 5. Which of the following groups enacted the Sarbanes Oxley Act?

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assets, liabilities, and shareholders' equity as of a certain date.