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Why are dates on financial statements important? How do primary financial statements—income statement, balance sheet, and cash flow—tie together? What managerial assessments may you make about an organization that has a profit and negative cash flow in the same accounting period. <<<<<< answer needs to be 200 words or more
Preview: ... or upcoming performance. How do primary financial statementsâ€”income statement, balance sheet, and cash flowâ€”tie together? The income statementsâ€™ revenue and expense illustrate the changes in assets and liabilities on the balance sheet. Cash assets and cash equivalents on a balance sheet are reflected on the statements of cash flo ...
The full tutorial is about 255 words long .