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Q2: Accounting Services reported income (profits) of $150 000 for 2022,...

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Accounting

Q2: Accounting Services reported income (profits) of $150 000 for 2022, but its cash balance decreased $40 000. Which financial statement should Accounting Services management refer to for an explanation of this situation?

a. Statement of changes in equity

b. Statement of financial position

c. Statement of cash flows

d. Statement of Income

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