Question: What is a major difference between the income statement and the statement of cash flows? A.The statement of cash flows provides a breakdown of revenues,

What is a major difference between the income statement and the statement of cash flows?

A.The statement of cash flows provides a breakdown of revenues, expenses, and profits.

B.The statement of cash flows excludes noncash revenues and expenses.

C.The statement of cash flows refers to a single point in time, rather than a period of time like a month, quarter or year for the income statement.

D.The income statement is prepared for a single point in time, rather than a period of time like a month, quarter or year for the statement of cash flows.

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