Suppose a Company Generally Records Revenues and Expenses Before Receiving

question 102

Multiple Choice

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

• A)If revenues are falling,a net loss could result even though the company reports a net cash inflow from operating activities.
• B)If revenues are rising,net income could result even though the company reports a net cash outflow from operating activities.
• C)Net income and net cash flows provided by operating activities will always agree.
• D)The income statement doesn't explain changes in cash because it focuses on just the operating results of the business.

---

Definitions:

Embryo

the developing human organism from about 2 weeks after fertilization through the second month

Mother's Voice

The sound produced by a child's mother, which is often associated with comfort, security, and familiarity.

Heredity And Environment

The interplay between genetic inheritance and external factors that influence an individual's characteristics, development, and life outcomes.

Uterus

A major female hormone-responsive reproductive sex organ of most mammals, including humans, used to house and nourish the developing fetus during pregnancy.