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  3. Study Set
    Intermediate Accounting Study Set 2
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    Exam 21: The Statement of Cash Flows Revisited
  5. Question
    The Statement of Cash Flows Has Been a Required Financial
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The Statement of Cash Flows Has Been a Required Financial

Question 52

Question 52

Essay

The statement of cash flows has been a required financial statement since 1988, but is the reporting of cash flows a relatively new concept? Explain.

Correct Answer:

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No. Financial reporting on a cash basis ...

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