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Please address the following 3 discussion questions in your own words, not from copying from...

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Accounting

Please address the following 3 discussion questions in your own words, not from copying from a different website.

DB 1- Discuss at least two situations in which estimates could affect the usefulness of information in the balance sheet.

DB 2- What is working capital? How does working capital relate to the operating cycle? DB 3- What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement?

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