1.In 2014 Tesco, the largest supermarket chain in the UK, reported that it had manipulated...

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Finance

1.In 2014 Tesco, the largest supermarket chain in the UK, reported that it had manipulated its income statement. You are required to critically discuss the reasons why large corporations, such as Tesco, decide to manipulate their financial statements.

2. Comment upon the distinction between profit and cash flow.

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