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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Why do companies often use a spreadsheet to prepare the statement of cash flows?

To determine

Introduction:

Cash flow statements are the statements that determines the inflow and outflow of cash from three major activities that are carried out in a business i.e. operating activities, investing activities and financing activities.

To state:

The reason why spreadsheets are used by the companies to prepare cash flows statement.

Explanation

The spreadsheet is useful for constructing cash flows statements as they provide a systematic way of proceeding to analyze the complex data. The entries made in the spreadsheet regarding cash flow statements simultan...

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