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?

There is a need for a statement of cash flows,even if income statement shows profit,due to the…

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Business

Accounting

why is there a need for a statement of cash flows?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 16MC: Which financial statement shows the financial position of the company? A. balance sheet B. statement...

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Similar questions

Which of the following would be considered a cash outflow for investing activities? a. cash paid to purchase product for inventory b. cash paid to reacquire common stock c. cash paid to repay debt d. cash paid to purchase equipment
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