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Why cash flow is more important than profit

Profit figures are easier to manipulate because they . include non-cash line items such as depreciation ex-penses or goodwill write-offs. Under generally accepted accounting principles (GAAP) businesses can use non-cash expenses such as depreciation and amortization to offset large capital expenditures. Cash flow statements, on the other hand ...

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  Flows, Sachs, Profits, Businesses, Cash flow

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