How is it possible that a company could be very profitable yet be forced to go out

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How is it possible that a company could be very profitable yet be forced to go out of business because it cannot pay its bills?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 22, 2012 01:05 AM

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How is it possible that a company could be very profitable yet be forced to go out

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Profitability is reported on the income statement using an accrual measure It ...View the full answer

Financial Accounting Information For Decisions

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