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Your friend, Maya, says that earnings can be manipulated by managers. She argues that one should always look at the cash flows by ignoring the
Your friend, Maya, says that earnings can be manipulated by managers. She argues that one should always look at the cash flows by ignoring the non-cash transactions completely as cash flows cannot be manipulated and thus they will give an unbiased understanding of a company's performance.
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Your friend Mayas argument is that by looking at cash flows while completely ignoring noncash transa...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
