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The making of a profit does not necessarily result in an increase in cash because: a. Accounting profit is the difference between revenues earned and
The making of a profit does not necessarily result in an increase in cash because:
a. Accounting profit is the difference between revenues earned and expenses incurred whether or not the revenues have been received or the expenses paid
b. Profits can be distorted by inflation
c. A loss on disposal means that there will be an increase in cash from the sale of the asset
d. The revaluation of an asset will not increase cash
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