Which of the following statements is CORRECT?a. Four key financial statements are the balance sheet, the income statement, the statement of cash flows, and the statement of retained earnings.b. The balance sheet gives us a picture of the firm's financial situation over a period of time.c. The income statement gives us a snapshot of what is happening at a point in time.d. The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits.e. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year.

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