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Posted on Jun 07, 2024

In creating and interpreting the items on a firm's balance sheet as related to the statement of cash flows all of the following are incorrect

In creating and interpreting the items on a firm's balance sheet as related to the statement of cash flows all of the following are incorrect except:

A decrease in assets is interpreted as a source of cash flow

A decrease in liabilities is interpreted as a source of cash flows

An increase in cash is interpreted as a source of cash flows

None of the answers provided is correct.

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