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Which of the following statements about the financial statements is correct? The change in cash reported on the statement of cash flows is also reported
Which of the following statements about the financial statements is correct?
| The change in cash reported on the statement of cash flows is also reported on the statement of retained earnings. |
| The statement of cash flows and income statement are for a period of time while the balance sheet is at a point in time. |
| The statement of cash flows and income statement are at a point of time while the balance sheet is for a period of time. |
| None of these statements is correct. |
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Intermediate Accounting 2007 FASB Update Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
12th Edition
0470128763, 978-0470128763
