Summarizes cash receipts and payments for a period of time

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Question: The balance sheet is a listing of the assets, liabilities, and stockholders' equity of a business at a specific date. The income statement is a summary of the revenue and expenses of a business for a specific period of time. The retained earnings statement summarizes the changes in retained earnings during a specific period of time. The statement of cash flows summarizes the cash receipts and cash payments for a specific period of time.

Reference no: EM131526278

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