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Analyzing a statement of cash flows is useful because ________. by documenting changes in retained earnings occurring during the year, the statement of cash flows
Analyzing a statement of cash flows is useful because ________.
| by documenting changes in retained earnings occurring during the year, the statement of cash flows provides a key link between the balance sheet and income statement data. | ||
| the statement of cash flows reveals why a company was able to generate a profit | ||
| any and all of these choices are correct | ||
| focusing on net income can be misleading if a company has a healthy profit, but cannot translate the profit into cash |
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