session3Fall09 - calculate and understand measures of cash...

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Learning Objectives Students should be able to do and understand the following from Chapter 3 and Appendix 3A 1. Interpret the information contained in the balance sheet, income statement, and statement of cash flows. 2. Explain why income differs from cash flow and
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Unformatted text preview: calculate and understand measures of cash flow: net cash flow, operating cash flow and free cash flow. 3. Understand the essential features of the taxation of corporate and personal income. 4. Determine taxable income, tax liability and after-tax returns....
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