Economics · Financial Accounting
Consider the following statements regarding Cash Flow Statement and Funds Flow Statement: 1. Cash flow focuses strictly on cash and cash equivalent transactions. 2. Funds flow focuses on changes in working capital. 3. Both statements provide identical financial information. Which of the statements given above are correct?
- 11 only
- 2All three
- 32 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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