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Business, 24.04.2020 18:52 hit89

Net income for a particular period does not equal cash flow from operations because a. most firms use the accrual basis of accounting to measure operating performance. b. most firms typically recognize revenue at the time of sale, independent of when they receive the cash from the sale. c. some firms receive cash before providing services and recognizing revenues. d. some firms receive cash after they have provided goods and recognized revenues. e. all of the above

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