Why some companies file for bankruptcy while they have high Net Income?

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How does Gross Income differ from Net Income?
Posted by:
حسين محمد ياسين
24-January-2016

Assuming this company follow the American GAAP

Accounting US GAAP

Question added by Mohammed Alsatrawi , Treasury Manager , Al Yusr Industrial Contracting Co
Date Posted: 2014/05/01

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1 Answers

NIZAR PUTTENKUNNU

by NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies

to escape from debts

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