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Zack CoReported a Net Loss of $50,000 for 2017,yet Its Cash

Question 103

Multiple Choice

Zack Co.reported a net loss of $50,000 for 2017,yet its cash balance increased during the year.Which financial statement should Zack's management refer to for an explanation of this situation?


A) Balance sheet
B) Income statement
C) Statement of retained earnings
D) Statement of cash flows

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