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In many decisions, the focus is on net income. Accounting net income is based on accrual accounting, which ignores the timing of cash flows. In
In many decisions, the focus is on net income. Accounting net income is based on accrual accounting, which ignores the timing of cash flows. In capital budgeting, however, the timing of cash flows is critical. Why do you think that is? Respond to why agree or disagree with their reason for the criticality of cash flow timing in capital budget decisions.
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