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Question
Consider the following statements.
Statement 1 - "Cash Flow Statement is a tool of financial statement analysis".
Statement 2 - Cash flow statement is usually prepared by companies which comes as a tool in the hands of users of financial information to know about the sources and uses of cash.
Options
Only statement 1 is correct
Only statement 2 is correct
Both the statement is correct
None of these
MCQ
Solution
Both the statement is correct.
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Tools of Analysis of Financial Statements
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