A firm should place an emphasis on cash flows because ____________________. 1)cash flows report the revenues and
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Question:
A firm should place an emphasis on cash flows because ____________________.
1)cash flows report the revenues and expenses incurred during a given period.
2)when the firm makes a sale, it also recognises the expense incurred in producing the revenue
3)it represents the ability of the firm to realise its accounting profits into cash for other uses
4)it helps the firm to maximise its profits
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