Both the income statement and the statement of cash flows report flows during the period. The difference

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Both the income statement and the statement of cash flows report flows during the period. The difference is that the income statement reports flows on the accrual basis; that is, inflows are measured as r s and outflows are measured as e s.

By contrast, the statement of cash flows reports inflows and outflows of c .

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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