QUESTION 3 A. Undeniably, profitability is the ultimate goal of companies and readers of a...
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Accounting
QUESTION 3 A. Undeniably, profitability is the ultimate goal of companies and readers of a companys financial statements are very much interested in the reported profit figure. The profit figure is achieved by the preparation of the statement of profit or loss and the statement of financial position. If the foregoing is the case, why then bother about the statement of cash flows?
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