Can accounting distortions, if not recognized by an analyst, affect cash flow-based valuations? Construct a numerical example

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Can accounting distortions, if not recognized by an analyst, affect cash flow-based valuations? Construct a numerical example to verify your answer.

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Business Analysis And Valuation Using Financial Statements Text And Cases

ISBN: 9780324118940

3rd Edition

Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard

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