Solved: What is the purpose of the statements of cash flows, Accounting Basics

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What is the purpose of the statements of cash flows

Question 1: What is the purpose of the statements of cash flows? Describe the three sections of the statements of cash flows.

Question 2: Define contractual and market interest rates for a bond, respectively, and explain how the change of market interest rate affects the bond value.

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Accounting Basics: What is the purpose of the statements of cash flows

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Accounting Basics: What is the purpose of the statements of cash flows

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