Why is net income a good place to start when attempting to determine the cash flows from

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Why is net income a good place to start when attempting to determine the cash flows from operating activities using the indirect method? Why is it not the same as the net cash flow from operating activities?

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: Apr 29, 2014 03:13 AM

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Why is net income a good place to start when attempting to determine the cash flows from

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Net income approximates cash flows from operating acti...View the full answer

Financial Accounting

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