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b. Cash flows from operating activities differs from net income because it does not use the fill in the blank 1 of 2 accrual basis
b. Cash flows from operating activities differs from net income because it does not use the fill in the blank 1 of 2
accrual basis or cash basis
of accounting. For example revenues are recorded on the income statement when fill in the blank 2 of 2
they are earned or cash is received
.
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