Question: You have been asked to give a presentation to your colleagues in the commercial lending unit of a bank explaining why it is important to

You have been asked to give a presentation to your colleagues in the commercial lending unit of a bank explaining why it is important to request both a statement of cash flows and a statement of income, along with a statement of financial position, from clients seeking loans. Many of your colleagues think that a statement of income and a statement of financial position are sufficient. Prepare your remarks.

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