A senior financial executive for a large public company remarked to a stock market analyst: I don ’ t know why you people worry so much about what is in our statement of cash flows. Managing cash flow is our responsibility as managers; it involves paying close attention to cash on a daily basis. Why don ’ t you pay attention to our profit and just forget about cash flow

A senior financial executive for a large public company remarked to a stock market analyst: I don ’ t know why you people worry so much about what is in our statement of cash flows. Managing cash flow is our responsibility as managers; it involves paying close attention to cash on a daily basis. Why don ’ t you pay attention to our profit and just forget about cash flow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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