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Ch. 2 Assignment.odt

Ch. 2 Assignment.odt - Ch 2 Assignment Wendy Parwana 3...

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Ch. 2 Assignment Wendy Parwana 3) Depreciation generates cash flow for the company by acting as a tax shield against reported income. It gives cash flow that is equal to the depreciation charged times the tax rate. 5) The income statement purpose is to show how profitable the company is while the balance sheet shows the holdings and obligations of the company. Both are inseparable and when a sale or a expense
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