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What is the difference between an income statement and a cash flow statement? Please also explain how each are used. Determining Amuunm m be Paid

"What is the difference between an income statement and a cash flow statement? Please also explain how each are used."

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Determining Amuunm m be Paid en Invoices Determine the amount to he paid in fuil settiemeht at each at the feliowing invuices, assuming that credit for returns and alluwances was received prior tn payment and that all invoires were paid within the discount periud: _ Freight Returns and Merchandlse _ Find by Seller Alluwanua a. $32,000 FDB destination, nl30 $1,600 h. 12,000 $300 FDB shipping point, 2'10, nl30 2,500 c. 21,000 FDB shipping point, 1f10, nl30 4.000 :1. 9,000 175 FOR shipping point, 2'10, n{30 1,000 e. 77,400 7 F03 destination, 1l10, n/30 7 1-\

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