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mcgraw hill connect financial accounting answers chapter 1 homework
Connect Homework Chapter 1
The cash flow statement and the income statement are integral parts of a corporate balance sheet. The cash flow statement or statement of cash flows measures the sources of a company's cash and its uses of cash over a specific period of time. The income statement measures a company's financial performance , such as revenues, expenses, profits, or losses over a specific period of time. This financial document is sometimes called a statement of financial performance. A cash flow statement shows the exact amount of a company's cash inflows and outflows, either monthly, quarterly, or annually.
How to Prepare an Income Statement? A Simple 10 Step Business Guide
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