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what is the difference between the income statement and cash flow statement 1) no difference - both show cash in and cash out 2) income
what is the difference between the income statement and cash flow statement
1) no difference - both show cash in and cash out
2) income statement is for a single point in time and cash flow statement covers a specific time frame
3) income statement shows accrual basis net income and the cash flow statement shows why the cash balance on the balance sheet changed between two balance sheet dates
4)none of the above
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