Bank A pays 18.0% interest compounded semi-annually (i.e. every six months), while Bank B pays 17.4% interest compounded daily. Which of the following represent the actual annual returns earned in Bank A and Bank B? OA. 18.81% and 19.00% OB. 18.81% and 19.12% OC. 19.03% and 19.24% OD. 19.14% and 19.24% O E. 19.25% and 19.48% O F. 19.25% and 19.60% O G. 19.46% and 19.72% O H. 19.57% and 19.72%

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Balance Sheet Regulations

A balance sheet is a financial statement that shows the position of a company's assets and liabilities on a specific date. The balance sheet is prepared after preparing the statement of profit and loss statement (income statement). The balance sheet and other financial statements differ in the sense that the balance sheet shows the financial position at any given point in time. In contrast, the other financial statements show the financial performance over a particular duration.