Solution-Effects of all cash flows affect the balances

Effects of all cash flows affect the balances

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Reference no: EM131008416

1. Effects of all cash flows affect the balances of various accounts reported in the balance sheet. Also, the activities that cause some of these cash flows are reported in the income statement. What, then, is the need for an additional financial statement that reports cash flows?

Reference no: EM131008416

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Effects of all cash flows affect the balances

Reference no: EM131008416

Reference no: EM131008416

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