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The cash flow statement takes accrual basis statements and converts them to a cash flow for the period.The excess of revenue over expenses flows back
The cash flow statement takes accrual basis statements and converts them to a cash flow for the period.The excess of revenue over expenses flows back into net worth (or fund balance) through the statement of changes in net worth.
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Managerial Accounting
Authors: James Jiambalvo
4th edition
9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797
