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Discuss the purpose of a cash flow statement. What are the key issues associated with developing a cash flow statement? What is a balance sheet?

Discuss the purpose of a cash flow statement. What are the key issues associated with developing a cash flow statement? What is a balance sheet? Why is it useful? What is the difference between a pro forma balance sheet and a balance sheet? What is a budget? Why is it important? Discuss the differences between a budget and cash flow. Be specific

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