FASB requires that the reconciliation of income and cash flows from operations starts with net income.

Name: FASB requires that the reconciliation of income and cash flows from operations starts with net income.
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FASB (Financial Accounting Standards Board) requires that the reconciliation of cash flows from operations starts with net income in the statement of cash flows. This can be found under FASB ASC 230-10-45-5.

FASB Requires That the Reconciliation of Income and Cash Flows