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Which financial statement is used to review a firm’s sources and uses of cash flows over...

Which financial statement is used to review a firm’s sources and uses of cash flows over the year?

A . the Income Statement

B . the Statement of Retained Earnings

C. the Statement of Cash Flows

D. the Balance Sheet

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Answer #1

Answer is C.

Income statement shows the net income or loss earned during the year.
Statement of retained earnings shows the change in retained earnings.
Statement of cash flows shows the sources and uses of cash flows during the year.
Balance sheet shows the financial position of the company.

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