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Each of the following differentiates an investment's earnings from its cash flows EXCEPT a . earnings are lessened by depreciation of equipment. b . taxable

Each of the following differentiates an investment's earnings from its cash flows EXCEPT

.

earnings are lessened by depreciation of equipment.

.

taxable income is added back into cash flow.

.

changes in inventory and accounts receiveable affect cash flow.

.

depreciation is added back into cash flow.

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