|
|
Income
Statements
show how
much money
a business made, including accounts
receivable, during
a given period.
|
Cash Flow
Statements
show how
much money
flowed in and out of a
business in a given period and how
much.
|
It takes both
statements to know financial
health.
|
Plan
conservatively
because things
happen.
For example, fuel
prices may change
or a customer who
owes money may
not pay on-time or
at
all.
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|
