The income statement shows flows over a period of time, while the balance sheet shows accounts at

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The income statement shows “flows” over a period of time, while the balance sheet shows accounts at a given point in time. Explain how these two concepts are combined when we calculate free cash flow.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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