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Which of the following statements is true? The statement of cash flows reports cash flows from 3 types of business activities - cash receipts, cash

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Which of the following statements is true? The statement of cash flows reports cash flows from 3 types of business activities - cash receipts, cash payments, and investing On the statement of retained earnings, the net income for the period is added to the beginning balance of retained earnings. Revenues and expenses are reported only on the balance sheet. The income statement reports all changes in assets, liabilities, and stockholders equity of the business during the period

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