Asked by sonia
1) during last year a company went through $800,000 worth of net loss. yet its cash increased 300,000 during the same period of time. How could this occur.
Please help confused!
Please help confused!
Answers
Answered by
economyst
I can think of two reasons. First, the company has an accrual accounting system rather than a cash accounting system. Second, the company claims a depreciation deduction.
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