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- 2011-7-11
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- 2013-8-22
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The point is, whenever the firm expenses rather than capitalizes, its EBT should go down, and therefore taxes should go down. Taxes impact CFO.
The curriculum seems to make the same mistake in the 4th paragraph page 430 V3, when it only considers the impact of moving the cash spent on development from CFI to CFO and ignores changes in taxes.
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