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- 2011-5-25
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- 2012-9-12
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With regard to WC, the concept is that cash, A/R and A/P already reflect real terms. There is no inflation adjustment to these balance sheet accounts and they flow through the income statement immediately.
Fixed assets and inventory lead to distortions in the income statement due to understated depreciation and COGS.
- Robert |
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发表于 2011-7-11 19:12
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