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Stress test various aspects of business

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Reference no: EM133217353

1. Why would a financial institution like a bank be interested in a company's Cash Flow Statement?

2. Why does the Canada Revenue Agency (CRA) not allow you to deduct the entire cost of a newly purchased capital item like a vehicle or building in the year it was purchased for tax purposes? What is the accounting term called for this partial deduction approach?

3. Why were you asked to Stress Test various aspects of your business? What is the purpose of such an exercise?

Reference no: EM133217353

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