The typical business outside the service sector has about 50 per cent more of its resources tied
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The typical business outside the service sector has about 50 per cent more of its resources tied up in inventories than in cash, yet there is no call for a ‘statement of inventories flows’ to be prepared. Why is cash regarded as more important than inventories?
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Cash is normally required in the settlement of claims Thus ...View the full answer
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Related Book For
Financial Accounting for Decision Makers
ISBN: 978-0273763451
6th Edition
Authors: Peter Atrill, Eddie McLaney
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