Why is it necessary to convert accrual-based net income to a cash basis when preparing a statement

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Why is it necessary to convert accrual-based net income to a cash basis when preparing a statement of cash flows?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 24, 2010 07:10 AM

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Why is it necessary to convert accrual-based net income to a cash basis when preparing a statement

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Intermediate Accounting

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