=5/No, cash flow is not a measure of increase in wealth because it does not take into
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=5/No, cash flow is not a measure of increase in wealth because it does not take into account depreciation, which reflects the wear and tear of fixed assets and thus a source of wealth destruction. No, because customers do not pay cash, because suppliers are not paid in cash.
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Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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