1.What do you think is the primary difference between the Statement of Financial Performance (Comprehensive Income) and the Statement of Financial Position?

2.Can you think of any reasons why the Earnings (Profits) after Tax could differ from the Net Increase in the Cash Equivalents (in the Cash Flow Statement)?

Answer rating: 100% (QA)

The Statement of Financial Performance reflects the results that is profit or loss of the entity for ... View the full answer