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Which of the following are true regarding a statement of cash flows? Firms must present a statement of cash flows in addition to an income
Which of the following are true regarding a statement of cash flows? Firms must present a statement of cash flows in addition to an income statement and a balance sheet. A firm's cash flows and accrual earnings rarely differ. Equity analysts need to understand a firm's cash flows in order to assess its liquidity and creditworthiness. The cash flow statement explains the causes for year-to-year changes in cash and cash equivalents
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