External financial statements


Problem:

The primary difference between cash flow statement and all other external financial statements is that it is:

A) Not an accrual based statement and all others are accrual based.

B) Prepared for managements use but not for external reporting purposes.

C) A cause of the basic accounting equation to be out of balance.

D) Prepared before the end of the year.

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Finance Basics: External financial statements
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