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2. Profit and Cash Choose the statement that is not appropriate. 1. O Many managerial decisions are involved in profit calculation. 2. O Profit
2. Profit and Cash Choose the statement that is not appropriate. 1. O Many managerial decisions are involved in profit calculation. 2. O Profit strives to show how much money can be distributed to shareholders. 3. O Cash and non-cash expenses are treated symmetrically in the calculation of profit. Unless businesses can earn profit every accounting period, they will fail. 4. O 5. Interest is subtracted as cost for profit calculation.
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