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How is it possible for a company to show positive net income but go bankrupt?

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Question added by Mohamed Kamal , Accounting Manager , El-Nafea United Company
Date Posted: 2017/08/09
Mohamed Kamal
by Mohamed Kamal , Accounting Manager , El-Nafea United Company

 Two examples include deterioration of working capital (increasing accounts receivable, lowering accounts payable), and financial shenanigans

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