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Unformatted text preview: expense, interest expense Statement of retained earnings Reports the way the net income and the distribution of dividends affected the financial position of the Beginning retained earnings + net income Net income is taken from the income statement; dividends are distributions to company during the accounting period dividends = ending RE stockholders Statement of cash flows Reports inflows (receipts) and outflows (payments) of cash during the accounting period in the categories operating, investing, and financing +/- CFO +/- CFI +/- CFF = change in cash Cash must be collected from customers, cash paid to suppliers, cash paid to purchase equipment, cash borrowed from banks...
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- Fall '07