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4. Question: Financial statement Concepts (Total: 20 marks) 4.1 Why is the Net Income showing in a company' Income Statement not equal to its cash

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4. Question: Financial statement Concepts (Total: 20 marks) 4.1 Why is the Net Income showing in a company' Income Statement not equal to its cash amount?(10 marks) 4.2 Explain the concept of depreciation as it applies to Income Statements (10 marks)

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