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#cfa-level-1 #reading-22-financial-statement-analysis-intro
Financial flexibility is the ability of the company to react and adapt to financial adversities and opportunities.
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3.1.4. Cash Flow Statement
inancial position, cash flow is also vital to a company’s long-term success. Disclosing the sources and uses of cash helps creditors, investors, and other statement users evaluate the company’s liquidity, solvency, and financial flexibility. <span>Financial flexibility is the ability of the company to react and adapt to financial adversities and opportunities. The cash flow statement classifies all cash flows of the company into three categories: operating, investing, and financing. Cash flows from operating activities are those cash flows


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