How the profit is often equated to cash flow
Profit is often equated to cash flow. Under what circumstances is this justified and when is it not justified. Which is more important - profit or cash flow - explain your rationale.
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Profit is often equated to cash flow. Under what circumstances is this justified and when is it not justified. Which is more important - profit or cash flo.
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Assume that the Company estimates its bad debts expense based on 6% of Accounts Receivable. What amount of bad debts expense will the company record if it has an allowance of doubtful accounts credit of 3000?
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