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Statement 1: A statement of financial position covers a particular financial period usually a year. Statement 2: A statement of cash flows covers a particular
Statement 1: A statement of financial position covers a particular financial period usually a year.
Statement 2: A statement of cash flows covers a particular financial period usually a year.
Select one:
a. Statement 1 is true and statement 2 is false
b. Both statements are true
c. Both statements are false
d. Statement 1 is false and statement 2 is true
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