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Accounting profits and cash flows are generally: a.) the same since they reflect current laws and accounting standards. b.) the same due to the requirements
Accounting profits and cash flows are generally: a.) the same since they reflect current laws and accounting standards. b.) the same due to the requirements of GAAP. c.) different because of GAAP rules regarding the recognition of income. d.) different because cash inflows must occur before revenue recognition. e.) the same since accounting profits reflect when cash flows occur
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