A cash-flow statement for a previous year would show whether you were able to live within your income.

Name: A cash-flow statement for a previous year would show whether you were able to live within your income.
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Question

Quizplus · Accepted Answer

A cash-flow statement shows the inflows and outflows of cash during a specific period of time, which includes income and expenses. By comparing the total income with the total expenses, you can determine whether you were able to live within your income.

A Cash-Flow Statement for a Previous Year Would Show Whether