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What does the following statement mean?
What does the following statement mean? If I want to assess the cash flow prospects for a company "down the road," I look at the company's most recent statement of cash flows. An income statement prepared under the accrual basis of accounting is useless for this purpose.PLEASE NOTE: This is a short answer question.
SOLUTION:Cash flow can be defined as the statement presenting the cash inflows and cash outflows. Cash flowstatement helps in the determination of the cash of an organization. The cash flow...