Question: T/F and explaination: 1/The cash flow statement summarizes the cash flows into and out of an entity True False 2/The cash flow statement summarizes the

T/F and explaination:

1/The cash flow statement summarizes the cash flows into and out of an entity

True False

2/The cash flow statement summarizes the cash flows into and out of an entity

True False

3/Accrual accounting is an application of the matching rule

True False

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