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In business today the end result is often to generate cash flows that the company can use for future growth to meet current and long
In business today the end result is often to generate cash flows that the company can use for future growth to meet current and long term obligations or to return to owners. Under current GAAP standards the balance sheet has assets listed in order of liquidity. Under IFRS cash is listed last because it is considered the result of being in business which follows the income statement mentality.
In your opinion which location is the better location for reporting cash on the balance sheet
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