The statement of cash flows is a required statement for both public and private corporations.

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Bella Massaro · Accepted Answer

Final Answer : True, Explanation :  Both public and private corporations are required to prepare a statement of cash flows as part of their financial statements to provide information about the cash inflows and outflows over a period of time, which is essential for assessing the company's liquidity, solvency, and financial flexibility.

The statement of cash flows is a required statement for both public and private corporations.

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