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In general, which of the following is not a good reason why a firms net...

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Finance

In general, which of the following is not a good reason why a firms net income differs from cash flows in the same period? Cash receipts from customers do not necessarily occur in the same period in which a firm recognizes revenues. Cash expenditures to employees, suppliers, and governments do not necessarily occur in the same period in which a firm recognizes expenses. Cash inflows and outflows that pertain to investing and financing activities generally do not immediately flow through the income statement. The firm incurs a loss in the period.

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