Question: Analyzing a statement of cash flows is useful because ________. by documenting changes in retained earnings occurring during the year, the statement of cash flows

Analyzing a statement of cash flows is useful because ________.

by documenting changes in retained earnings occurring during the year, the statement of cash flows provides a key link between the balance sheet and income statement data.

the statement of cash flows reveals why a company was able to generate a profit

any and all of these choices are correct

focusing on net income can be misleading if a company has a healthy profit, but cannot translate the profit into cash

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