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Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.

A. Cash basis of accounting, accrual basis of accounting

B. Accrual basis of accounting, cash basis of accounting

C. Both are based on cash basis of accounting

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above