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A companys net income appears directly on the income statement and the retained earnings statement, and it is included indirectly in the companys balance sheet.

"A companys net income appears directly on the income statement and the retained earnings statement, and it is included indirectly in the companys balance sheet. Do you agree? Explain.

What is the primary purpose of the statement of cash flows?

What are the three main categories of the statement of cash flows? Why do you think these categories were chosen?

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