Effects of all cash flows affect the balances of various accounts reported in the balance sheet. Also,

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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?

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Intermediate Accounting

ISBN: 9780077282073

5th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Lawrence Tomassini

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