Using cash flows ensures that decisions are based on values that are not obscured by accounting rules or accounting choices.

Name: Using cash flows ensures that decisions are based on values that are not obscured by accounting rules or accounting choices.
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Question

Quizplus · Accepted Answer

Cash flows represent actual inflows and outflows of cash, providing a clear picture of a company's financial health without the influence of non-cash accounting adjustments or subjective accounting policies.

Using Cash Flows Ensures That Decisions Are Based on Values