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what is the difference between an income/expenditure statement and a flow-of-funds statement?

what is the difference between an income/expenditure statement and a flow-of-funds statement?

My professor has given me an assignment on the related topic. Please assist with the assignment so that we can submit the assignment ASAP. As I am facing difficulty with the topic.

what is the difference between an income/expenditure statement and a flow-of-funds statement?

also, why is it essential for a bank to deal with problems of asymmetric information in order to improve its profitability and solvency position over time?

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