Which Statement About Net Profit Is Not True

question 68

Multiple Choice

Which statement about net profit is not true?

• A) Net profit normally represents the amount of cash generated from operations for the period.
• B) Net profit increases equity.
• C) Net profit is a measure of achievement or productive effort.
• D) None of the statements, i.e. all are true.

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Definitions:

External World

The reality existing outside of an individual's mind, including physical objects and events that can be perceived through the senses.

Necessary Truths

Propositions that are true under all possible circumstances; their negation results in a contradiction.

A Priori Truths

A Priori Truths are knowledge or propositions that are known independently of experience, based on reason alone.

Empirical Statements

Assertions about the world that are verifiable through observation or experience rather than theory or pure logic.