Cash flows rather than accounting profits are listed in Table 13-1. What is the basis for this

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Cash flows rather than accounting profits are listed in Table 13-1. What is the basis for this emphasis on cash flows as opposed to net income?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 09:23 AM

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Cash flows rather than accounting profits are listed in Table 13-1. What is the basis for this

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Only cash can be spent or reinvested and because accounting ...View the full answer

Principles of Finance

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