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CMA A1: Financial Statements

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The 4 required financial statements
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Terms in this set (47)
Measures earnings of an entity's operation over a given period of time

Is used to measure "profitability, creditworthiness, & investment value of an entity" along with the other statements

The income statement records revenues and expenses on an accrual basis, so the cash flow statement presents a clearer picture of the organization's sources and uses of cash.