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Accounting and Financial Statements

Cash and Cash Equivalents: Definition and Components

Cash and cash equivalents are essential metrics that form a huge portion of a company’s operating plan. Companies with higher cash and cash equivalents in the balance sheet can overcome the crisis more conveniently than those companies which are cash strapped. Read the following to know the cash and cash equivalents meaning and examples. What […]

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6 Major Differences between a Cash Flow Statement and Income Statement

Are you still figuring out what differentiates a cash flow statement from an income statement? Here’s a detailed guide outlining the major differences between them. Each quarter and every year, your accountant gives you a set of financial statements. Similarly, companies have been presenting their financial statements as they approach the end of the year.

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