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True False Quiz
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1

On the statement of cash flow, the cash balance at the end of the period should equal the total of all cash accounts on the balance sheet.
A)True
B)False
2

The purpose of the statement of cash flow is to reconcile the net change in the cash accounts to the total of cash inflows less cash outflows for the period.
A)True
B)False
3

On the income statement, an excess of revenues over expenses results in a net loss.
A)True
B)False





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