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31. Why is the statement of cash flows necessary? Because investors and managers wanted information on how much cash went up or down in a

31. Why is the statement of cash flows necessary?

Because investors and managers wanted information on how much cash went up or down in a period

Because investors and managers needed information on the net profit of a period

Because investors and managers wanted additional information on why cash went up or down in a period

Because the income statement is constructed using cash-basis accounting

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