In its January 27, 2001 financial statements MWW reported net earnings of $8,180,000 but cash flow from
Question:
In its January 27, 2001 financial statements MWW reported net earnings of
$8,180,000 but cash flow from operations of $21,140,000. Explain why MWW’s net earnings in 2001 were so different from its cash from operations.
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