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accounting net income flows

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The amounts reported on the income statement. Because of accrual accounting the net income flows will be different from the cash flow.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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