Asked Oct 27, 2019
  1. Discuss the importance of the three components of the cash flow statement in managing the finances of a large department store.

Expert Answer

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Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. Op...

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