Can a firm have income without having a positive cash flow? Explain.

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An Introduction To Accounting And Managerial Finance A Merger Of Equals

ISBN: 9789814273824

1st Edition

Authors: Harold JR Bierman

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Question Posted: Dec 11, 2023 12:41 PM

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Can a firm have income without having a positive cash flow? Explain.

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Yes a firm can have income without having a positive cash flow This can happen due to the difference between accrual accounting and cash accounting me...View the full answer

An Introduction To Accounting And Managerial Finance A Merger Of Equals

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