The income statement and cash flow statement are related because both report on:
A) activities during an accounting period.
B) increases in liabilities.
C) increases in owner's equity.
D) movements in cash.

Name: The income statement and cash flow statement are related because both report on: A) activities during an accounting period. B) increases in liabilities. C) increases in owner's equity. D) movements in cash.
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Question

Quizplus · Accepted Answer

both are prepared for a specific period of time

The Income Statement and Cash Flow Statement Are Related Because