FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
- If the income statement of a financial plan shows that the business will be profitable, why is there a need for a statement of
cash flows ?
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- Which of the following is not true about the information provided in the income statement? OIt helps in evaluating the past performance of the enterprise. O It provides a basis for predicting future performance. It helps assess the risk or uncertainty of generating future cash flows. O It helps in evaluating working capital.arrow_forwardWhich of the following would not be on the statement of cash flow? A. Cash flows from operating activities B. Cash flows from financing activities C. Cash flows from Contingent activities D. Cash flows from investingarrow_forwardO Balance sheet In analyzing a company's financial statements, which financial statement would a potential investor primarily use to assess the company's liquidity and financial fiexibility? O Income statement O Staterment of retained earnings Statement of cash flowsarrow_forward
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