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Select all that applyWhat are the three major categories on the balance sheet? Multiple select question.assetsretained earningscash balanceowners' equityliabilities

Question

Select all that applyWhat are the three major categories on the balance sheet? Multiple select question.assetsretained earningscash balanceowners' equityliabilities

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Solution

The three major categories on the balance sheet are:

  1. Assets
  2. Liabilities
  3. Owners' Equity

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