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The statement of cash flows and related disclosures would be of the least assistance in helping a potential investor assess:

a. a firm's ability to generate cash.

b. a firm's ability to meet its obligations.

c. a firm's ability to make good use of cash reserves to earn interest or other return.

d. the reasons for differences between income and associated cash flows.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9408455

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