Explain the difference between accounting income and cash flow. try to make five paragraphs
Cash flow is one of the most important pieces of financial information that can be gleaned from the balance sheet and income statement. In last week’s session outline, I stated the organizing theme of the entire course, which is the intrinsic value defined as the present value of all future expected cash flows.
The fundamental relation in an income statement is income = revenues (sales) – costs.
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