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What is the purpose of the statement of changes in cash flow? Discuss three areas (activities) that make up the statement of changes in cash

What is the purpose of the statement of changes in cash flow? Discuss three areas (activities) that make up the statement of changes in cash flow.

Now compare the cash flow statement to the income statement.

In what ways are they similar?
How are they different?
From your perspective, which statement is more important? Why?

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