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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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