ch1 slides - 2-0 Chap 2 value Financial Statements Taxes...

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2-0 0 Chap 2 : Financial Statements, Taxes, and Cash Flow Know the difference between book value and market value Know marginal and average tax rate concepts Understand the major characteristics of the Balance Sheet and Income Statement Know the difference between accounting income and cash flow Know how to determine a firm’s cash flow from its financial statements
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