Asked by
Josalin Gomez
on Nov 15, 2024
Verified
If a company issues a comparative balance sheet showing the change in the cash balance, a statement of cash flows is needed.
Comparative Balance Sheet
Financial statement presenting the financial position of an entity at different points in time, facilitating period-to-period comparisons.
Statement of Cash Flows
A financial statement showing the changes in a company's cash and cash equivalents over a period, highlighting cash inflows and outflows from operating, investing, and financing activities.
- Describe the connection between the cash flow statement and additional financial statements.
Verified Answer
LC
Learning Objectives
- Describe the connection between the cash flow statement and additional financial statements.
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