Accounting standards require companies to include a statement of cash flows in a complete set of financial statements.

Question

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The statement of cash flows is one of the three main financial statements that companies are required to include in a complete set of financial statements, along with the income statement and balance sheet. This requirement is outlined in various accounting standards, including Generally Accepted Accounting Principles (GAAP) in the United States and International Financial Reporting Standards (IFRS) globally.

Accounting Standards Require Companies to Include a Statement of Cash