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3. The balance sheet and income statement we use today have been used at least since the 13th century. This contrasts to the cash
3. The balance sheet and income statement we use today have been used at least since the 13th century. This contrasts to the cash flow statement which is less than 200 years old and only became mandatory in the 80s (GAAP) and 90s (IFRS). a. Explain why Netflix appears highly profitable, but is losing cash b. What is the main risk associated with the fact stated under b?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
