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ADVANCED ACCOUNTING


Question:


Which of the following statements is correct

The ending cash balance in the statement of income must be equal to the cash balance reported in the statement of financial position/balance sheet

The ending cash balance in the statement of cash flows must be equal to the cash balance reported in the statement of financial position/balance sheet

The ending cash balance in the statement of cash flows must be equal to the cash balance reported in the statement of income

The ending cash balance in the statement of changes in equity must be equal to the cash balance reported in the statement of financial position/balance sheet