A senior financial executive for a large public company remarked to a stock market analyst: I don ’ t know why you people worry so much about what is in our statement of cash flows. Managing cash flow is our responsibility as managers; it involves paying close attention to cash on a daily basis. Why don ’ t you pay attention to our profit and just forget about cash flow

A senior financial executive for a large public company remarked to a stock market analyst: I don ’ t know why you people worry so much about what is in our statement of cash flows. Managing cash flow is our responsibility as managers; it involves paying close attention to cash on a daily basis. Why don ’ t you pay attention to our profit and just forget about cash flow

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 3TP: Consider the dilemma you might someday face if you are the chief financial officer of a company that...

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