Question: b. Cash flows from operating activities differs from net income because it does not use the fill in the blank 1 of 2 accrual basis

b. Cash flows from operating activities differs from net income because it

b. Cash flows from operating activities differs from net income because it does not use the fill in the blank 1 of 2

accrual basis or cash basis

of accounting. For example revenues are recorded on the income statement when fill in the blank 2 of 2

they are earned or cash is received

.

negative adjustments

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