Business Homework Solutions
#5684
Multiple choice question on the difference between cash flow statements and other external financial statements.
The primary difference between cash flow statement and all other external financial statements is that it is:
A) Not an accrual based statement and all others are accrual based.
B) Prepared for managements use but not for external reporting purposes.
C) A cause of the basic accounting equation to be out of balance.
D) Prepared before the end of the year.
This question solves a multiple choice question regarding cash flow statements.
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