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(b) Explain TWO (2) purposes of Statement of Cash Flows. (2 marks) (c) Why cash flow statements are sometimes considered more useful than profit statements?

(b) Explain TWO (2) purposes of Statement of Cash Flows. (2 marks) (c) Why cash flow statements are sometimes considered more useful than profit statements? Give FOUR (4) reasons and explain briefly. (4 marks) [Total: 30 marks]

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