Why is it necessary to convert accrual-basis net income to cash-basis net income when preparing a statement

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Why is it necessary to convert accrual-basis net income to cash-basis net income when preparing a statement of cash flows?

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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Question Posted: Jun 25, 2024 02:03 AM

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Why is it necessary to convert accrual basis net income to cash basis income when preparing a statement of cash flows?
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Why is it necessary to convert accrual-basis net income to cash-basis net income when preparing a statement

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Financial Accounting Tools For Business Decision Making

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