Do you expect reported income and operating cash flows for a service firm to be close in

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Do you expect reported income and operating cash flows for a service firm to be close in magnitude? Would your answer differ for a manufacturing firm? Why?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Question Posted: Feb 20, 2013 09:16 AM

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Do you expect reported income and operating cash flows for a service firm to be close in

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Generally speaking operating cash flows and income differ from each other becau...View the full answer

Managerial accounting

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