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QUESTION 8 What is the benefit of using an abbreviated cash flow report? It summarizes current and non-current assets. A lender can determine how cash

QUESTION 8

What is the benefit of using an abbreviated cash flow report?

It summarizes current and non-current assets.

A lender can determine how cash profits were used or cash losses were financed by the business.

A lender can determine the proper collateral for a loan.

It reveals key trends happening in the industry.

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