Explain why the users require both lsquoincome statement


Discussion Question

Explain why the users require both ‘income statement' and ‘statement of cash flows' when making decisions. How is it possible for a company to suffer a net loss for a given year, yet produce a positive net cash flow from operating activities?

(Word limit: 250 - 300 words).

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Business Management: Explain why the users require both lsquoincome statement
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