Your roommate is puzzled. During the last year, the companyin which she is a stockholder reported a net loss of$675,000, yet its cash increased $321,000 during the sameperiod of time. Explain to your roommate how this situationcould occur.
Your roommate is puzzled. During the last year, the company
in which she is a stockholder reported a net loss of
$675,000, yet its cash increased $321,000 during the same
period of time. Explain to your roommate how this situation
could occur.
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