Explain why the increase or decrease in cash is not equal to the profit or loss reported

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Explain why the increase or decrease in cash is not equal to the profit or loss reported in the income statement. How can a company's cash balance decrease when the company has earned profit? Conversely, how can cash increase when a company has incurred a loss?
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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