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All of the following statements are true, except A to analyze operations properly you need both the Statement of Income and the Statement of Cash

All of the following statements are true, except

A

to analyze operations properly you need both the Statement of Income and the Statement of Cash Flows.

B

in the long run total profits and net cash flows will be very similar.

C

the Statement of Cash Flows considers events that the Statement of Income does not.

D

the Statement of Cash Flows and the Statement of Income both cover the period of a year because profits and cash flows are very similar over the period of a year.

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