Garcia Company recognized revenue on account. The recognition will affect which of the following financial statements?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 12Q: Explain the purpose of the statement of cash flows and why this statement is needed.
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Garcia Company recognized revenue on account. The recognition will affect which of the following financial statements?

Statement of cash flows
Income statement
Balance sheet
Income statement and the balance sheet
Transcribed Image Text:Statement of cash flows Income statement Balance sheet Income statement and the balance sheet
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