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Q 3.2: Which of the following describes a similarity between an income statement and a statement of cash flows? A : Both statements reflect the
Q 3.2: Which of the following describes a similarity between an income statement and a statement of cash flows? A : Both statements reflect the adjusting entries made at the end of an accounting period. B : Both statements carry over accounting data from one accounting period to the next. C : Both statements summarize activities that took place during an accounting period. D : Both statements measure differences between the beginning of the accounting period and the end of the period.
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