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    Fundamentals of Corporate Finance Study Set 16
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    Exam 3: Financial Statements, Cash Flows and Tax
  5. Question
    Accounting Profits Include Non-Cash Revenues (E
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Accounting Profits Include Non-Cash Revenues (E

Question 18

Question 18

True/False

Accounting profits include non-cash revenues (e.g., prepaid rent) and non-cash expenses (e.g., depreciation) whereas cash flows do not include these items.

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