e accrual-based oportion of debt and assets. income statement and the ca
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Which of the following statements accurately describes the statement of cash flows?
It indicates when long-term debt will mature.
It is the link between the accrual-based income statement and the cash reported on the balance sheet.
It shows the relative proportion of debt and assets.
It is the link between net income and earnings per share.
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