(i) Why does profit continue to be the preferred basis for evaluation of the financial performance of...

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(i) Why does profit continue to be the preferred basis for evaluation of the financial performance of a business?

(ii) In what ways can cash flow provide a better basis for performance evaluation, and how may cash flow be approximated?

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Financial Accounting

ISBN: 9780273723073

1st Edition

Authors: Tony Davies, Ian Crawford

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Question Posted: May 08, 2024 02:00 PM

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(i) Why does profit continue to be the preferred basis for evaluation of the financial performance of...

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i Profit continues to be the preferred basis for evaluating the financial performance of a business for several reasons 1 Profitability Profit is a fundamental indicator of a businesss ability to gene...View the full answer

Financial Accounting

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