Accounting Profit vs. Cash Flow

label Business
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schedule 1 Day
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A firm's profit does not necessarily equal its cash flow. Explain why using at least 2 Generally Accepted Accounting Principles (GAAP) to support your answer. Also discuss if earning a profit or generating cash flow is more important for a firm.

Aug 14th, 2014
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Aug 14th, 2014
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Aug 14th, 2014
Sep 24th, 2017
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