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Which of the following statements is true? Select one: a.The less the reported profit for a given period, the less valuable the firm. b.As long
Which of the following statements is true?
Select one:
a.The less the reported profit for a given period, the less valuable the firm.
b.As long as accounting principles are consistently applied, and there is no deliberate manipulation, accounting profit will always equal cash flow.
c.None of these statements.
d.The greater the reported profit for a given period, the more valuable the firm.
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