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At a recent meeting, the chairman, who is from a non-accounting background, made the following statement: I dont see the point of preparing a statement
At a recent meeting, the chairman, who is from a non-accounting background, made the following statement: I dont see the point of preparing a statement of cash flows. The income statement already shows whether our business is profitable or not. So long as we are profitable, there should not be any cash problems. Evaluate the chairmans statement. (20 marks)
note : please explain well with detailed information
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