The statement of cash flows explains the difference between net income and the change in cash balance.

Name: The statement of cash flows explains the difference between net income and the change in cash balance.
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Question

Quizplus · Accepted Answer

The statement of cash flows shows the sources and uses of cash during a specific period, which helps explain the difference between net income (reported on the income statement) and the change in cash balance on the balance sheet.

The Statement of Cash Flows Explains the Difference Between Net