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1)) Finance focuses on cash flows rather than accounting profit (net income). Why (6 marks) 2) Total asset should be equal to total liabilities and

1)) Finance focuses on cash flows rather than accounting profit (net income). Why (6 marks)

2) Total asset should be equal to total liabilities and equity. This is what is portrayed by a balance sheet account. What would happen if the total asset is more than the total liabilities and equity?

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