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6 (4 marks) The statement of cash flows is an important part of every financial report. Required: A) Provide a detailed discussion of the differences
6 (4 marks) The statement of cash flows is an important part of every financial report. Required: A) Provide a detailed discussion of the differences between the statement of cash flows and the statement of comprehensive income. (2 marks) B) Explain three reasons why an entity may show a profit in its statement of comprehensive income AND at the same time display a negative overall cash flow during the same period. (2 marks)
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