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Assume your friend has taken an accounting course in high school and is familiar with the balance ...

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Assume your friend has taken an accounting course in high school and is familiar with the balance ...

Assume your friend has taken an accounting course in high school and is familiar with the balance sheet and income statement. However, she is not so familiar with the statement of cash flows.

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Explain to your friend why the statement of cash flows is an important financial statement just like the balance sheet and income statement. In addition, explain to her how the information is presented in the statement of cash flows.

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Managerial Accounting

Edition: 4^th

Author: Davis

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More solutions for this book are available here

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Thanks

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