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  2. Topic
    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 8: The Balance Sheet: Content, Use and Analysis
  5. Question
    A Limitation of the Income Statement and Balance Sheet Is
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A Limitation of the Income Statement and Balance Sheet Is

Question 24

Question 24

True/False

A limitation of the income statement and balance sheet is that they do not provide much information about a business' cash management because they are based on accrual accounting.

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