Discounting cash flows takes into consideration one characteristic of the earnings stream that is ignored in the

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Discounting cash flows takes into consideration one characteristic of the earnings stream that is ignored in the computation of return on average investment. What is this characteristic and why is it important?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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