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23 July, 17:56

All of the following are general-purpose financial statements except a. income statement b. cash budget c. statement of stockholders' equity d. balance sheet

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  1. 23 July, 18:04
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    The correct answer is letter "B": cash budget.

    Explanation:

    General-purpose financial statements are those reports that can be issued during a period to provide investors and managers relevant information to make decisions on the company's operations. Those reports are the balance sheet, income statement, owner's equity statement, retained earnings, and the cash flow statement.

    As its name says, the cash budget is an estimate of the inflows and outflows of a company for a given period. This budget is not a financial statement.
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