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Which of the following statements is/are correct? 1 The Statement of Cash Flows includes monthly recurring cash flows from income and expenses. 2 The Statement

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Which of the following statements is/are correct? 1 The Statement of Cash Flows includes monthly recurring cash flows from income and expenses. 2 The Statement of Net Worth explains changes to net worth between two Statements of Financial Position that are not reported elsewhere on other financial statements. Both 1 and 2. 2 only. 1 only. Neither 1 nor 2. The correct answer is b

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