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What is the point of the statement of cash flows

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Reference no: EM132690147

Question 1. What is the point of the Statement of Cash Flows (SOCF)?

Question 2. What does it (SOCF) tell a financial statement user that the Income Statement doesn't?

Question 3. Can you have negative cash flow and earn a profit on your Income Statement? Describe your answer.

Reference no: EM132690147

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