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    Managerial Accounting Study Set 23
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    Exam 15: Statement of Cash Flows
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    The Statement of Cash Flows Relies on a Fundamental Principle
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The Statement of Cash Flows Relies on a Fundamental Principle

Question 61

Question 61

True/False

The statement of cash flows relies on a fundamental principle of double-entry bookkeeping; namely, the change in the cash balance must equal the change in total liabilities and stockholders' equity.

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