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Homework answers / question archive / As to accrual accounting, revenues (expenses) are recorded when they occur not when cash is received (paid), that is the main reason why profit is different from net cash flow from operating activities
As to accrual accounting, revenues (expenses) are recorded when they occur not when cash is received (paid), that is the main reason why profit is different from net cash flow from operating activities. Then, how to reconcile a firm's net profit to its net operating cash flow, and explain why?
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