SFAS No. 95 (see FASB ASC 230) requires companies to prepare a statement of cash flows. Required:

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SFAS No. 95 (see FASB ASC 230) requires companies to prepare a statement of cash flows. Required: Describe how the FASB’s Conceptual Framework eventually led to the requirement that companies issue statements of cash flows.

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Financial Accounting Theory and Analysis Text and Cases

ISBN: 978-1118582794

11th edition

Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey

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Question Posted: Dec 17, 2014 10:22 AM

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SFAS No. 95 (see FASB ASC 230) requires companies to prepare a statement of cash flows. Required:

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The format required by SFAS No 95 for the presentation of the statement of cash flows evolved over a number of years In 1980 the FASB issued a discussion memorandum entitled Reporting Funds Flows Liqu...View the full answer

Financial Accounting Theory and Analysis Text and Cases

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