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The key financial statements of a business are the balance sheet, the income statement, and the Blank______.Multiple choice question.cost of goods soldannual reportstatement of cash flowstax return

Question

The key financial statements of a business are the balance sheet, the income statement, and the Blank______.Multiple choice question.cost of goods soldannual reportstatement of cash flowstax return

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Solution

The correct answer is "statement of cash flows". This is one of the key financial statements of a business, along with the balance sheet and the income statement. The statement of cash flows shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities.

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