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Which of the following is NOT a purpose of the Statement of Cash Flows? A. Proves that the accounting equation is in balance. B. Reconcile

Which of the following is NOT a purpose of the Statement of Cash Flows?

  • A. Proves that the accounting equation is in balance.
  • B. Reconcile the difference between net income and cash inflows and outflows.
  • C. Shows effects of financing and investing activities.
  • D. Enables companies to see if they have enough cash to pay liabilities.

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