A statement of cash flows is of limited use as a business needs to know if it
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‘A statement of cash flows is of limited use as a business needs to know if it will have sufficient cash to support its planned future activities.’ Discuss the merit of this statement focusing on both the purpose and limitations of a statement of cash flows.
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A statement of cash flows is designed to enable users of general purpose financial statements to ass...View the full answer
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Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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