A company has a very profitable year. What explanations might there be for a decrease in cash?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 03:04 AM

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A company has a very profitable year. What explanations might there be for a decrease in cash?

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A profitable year does not guarantee a large cash balance at the end of the year A large share of t...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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