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1. Whats the relationship between changes in cash balance in the Statement of Cash Flow and the cash balance in the firms balance sheet? 2.

1. Whats the relationship between changes in cash balance in the Statement of Cash Flow and the cash balance in the firms balance sheet?

2. Is the retained earnings in the balance sheet the same as retained earnings in the firms income statement? Why? Note: you can use a real example to answer this question.

Please ans both ques

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