Exam (elaborations)
MBA – Finance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Purpose of statement of cash flows : adjusts net income to reflect cash flows Statement of Cash Flows upward revision : Increase in A/P, reduces net income via operating expense. Recognizes that cash has not been spent to pay for expense, adjusts net income upward. Statement of Cash Flows dow...
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