Question

State any two financial benefits of statement

Answer 1

Answer:

Key Advantages of Financial Statements:

Review of cash flow: It shows the financial solvency and the ability of the company to pay liabilities to pay its liabilities. The statement of cash flow statement breaks the statement into operating, investing, and financial parts.

Explanation:

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Answer 2

Answer:

Key Advantages of Financial Statements:

Review of cash flow: It shows the financial solvency and the ability of the company to pay liabilities to pay its liabilities. The statement of cash flow statement breaks the statement into operating, investing, and financial parts.