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    Financial and Managerial Accounting Study Set 8
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    Exam 13: Statement of Cash Flows
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    Cash Flows and Accounting Records
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Cash Flows and Accounting Records

Question 116

Question 116

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Cash flows and accounting records
In a business with an accrual-based accounting system,is a statement of cash flows based upon account balances shown in the adjusted trial balance? Explain.

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No.In an accrual-based accounting system...

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