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“The ordering of the three sections of the statement of cash flows is ‘backwards’ for start-up...

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Accounting

“The ordering of the three sections of the statement of cashflows is ‘backwards’ for start-up firms, but it is more appropriatefor businesses once they are up and running.” Explain.

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What is Cash flow statement A cash flow statement is a financial report that describes the sources of cash of a company and how that cash is spent over a reasonable time period It enhances a companys ability to pay its bills Because managing cash flow is very important especially for small businesses How to Work A cash flow statement is similar to an income statement in that it records a companys performance over a period The income statement also takes    See Answer
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