Suppose a Company Generally Records Revenues and Expenses Before Receiving

question 57

Multiple Choice

Suppose a company generally records revenues and expenses before receiving or making cash payments.Which of the following statements is not true?

• A)If sales are falling,net losses could occur even though the company reports a net cash inflow from operating activities.
• B)If sales are rising,net profits could occur even though the company reports a net cash outflow from operating activities.
• C)Net income and cash flows will always agree because even though revenues and expenses can be recorded in different time periods than their related cash flows the differences will cancel out and the results will be the same.
• D)When the indirect method is used,net cash flow from operating activities includes adjustments for non-cash expenses such as depreciation which would cause net cash from operating activities to be different from net income.

Assess the effects of defining in-group and out-group boundaries in society.

Identify the most widespread and influential type of formal organization.

Recognize the role of reference groups in shaping individual behavior.

Understand how the structure and size of organizations impact efficiency and employee satisfaction.

---

Definitions:

Civilian Activity

Non-military tasks, operations, or routines carried out by individuals or groups within a community.

Income

The money received, especially on a regular basis, for work or through investments.

Myasthenia Gravis

An autoimmune neuromuscular disorder characterized by weakness and fatigue of the skeletal muscles.

Chronic Autoimmune

Refers to long-term immune system diseases where the body mistakenly attacks its own tissues, causing inflammation and damage.